“The president single-handedly wiped out Americans’ retirement savings overnight and subjected businesses to intense whiplash with his increasingly erratic and chaotic policies that continue to drive consumer and business uncertainty.”

  • Aux@feddit.uk
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    1 day ago

    That’s the dumbest advice ever! That’s how you lose all your money. Recession is the perfect time to buy even more stocks and shares. Don’t get out, get in!

    • ripcord@lemmy.world
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      1 day ago

      Recession is a good time - at the bottom.

      We’re still at the top.

      You guys have fun losing all your money, though. Like the person I replied to complained about.

              • Aux@feddit.uk
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                13 hours ago

                S&S are going down and you’re selling, money markets are going up and you’re buying. You’re literally doing the opposite of what you want, lol.

                • ripcord@lemmy.world
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                  1 hour ago

                  Yes, I sold the stocks while they were still relatively high, before they go down substantially more.

                  I bough the money markets which are going up.

                  My funds will be much higher.

                  I would re-buy stocks when they reach a much lower point.

                  Why do you think that’s the opposite of what I want? That’s exactly what I want.

      • Corkyskog@sh.itjust.works
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        1 day ago

        What are you going to convert your stocks into Euros? Renminbi? USD? Bitcoin? There is just a lot of uncertainty, and I wouldn’t recommend anyone selling everything.