It’s absolutely market timing! Doesn’t make it the wrong decision for you but it is the definition of market timing
yep. like i said to sunflower
Mexico tariffs were delayed a month
I cashed out 50 of my 200 Ebay shares this morning. Maybe that was the wrong call – will traffic on Ebay spike (driving the share price up) as people try to avoid buying stuff with inflated tariffs slapped on it? But I wanted to up my cash stash a bit (in additon to the 10k I bond I cashed out on Saturday, that hopefully will actually hit my checking account on Tuesday) and if it goes up I can cash out at a higher strike price.
I predict the markets will be EXTREMELY volatile over the next few weeks as the capitalists (myself included) try to sell on dead cat bounces and buy on dips.
I also spent nearly $400 on two tickets for Hamilton for me and DD in a couple of weeks. If the world as we know it is going to disappear might as well go out singing, right?
That may be self serving - I know one reason most of our tarrifs are delayed is to let businesses prepare.
I hope we don’t make concessions.
I keep telling myself leaving my money alone is smart. Let’s see if I still think so tomorrow! Or when Alberta is offered liberation.
The FDIC piece is scaring me more than anything. I like banking at my small, regional bank and they’ve always taken better care of me than any large bank would. I know it’s speculative, but I’m trying to figure out what the right move would be if FDIC goes away. @anomalily could you potentially touch on that in tomorrow’s livestream?
Lowest stakes money moves dilemma:
I have about $25 in dogecoin from years ago when it was new and I was like “hee hee - a meme and puppy themed cryptocurrency” - mostly purchased so I could annoy actual investors (Howie) and say things like “I’m up 200%!” even though that was like $10. (See also: why I have like $10 in GameStop stock)
And now every time I see a news article referencing the fricking DOGE agency (or whatever the eff it is) or Musk I think of dogecoin and I don’t want to have it anymore. But I’m disproportionately resentful about the whole idea of dealing with selling it and reporting the sale and crap like that. Not that anyone is going to come looking for a $25 transaction, but still.
See, the lowest of the low stakes.
I actually mined a bunch of DOGE back in the day, in like 2014. By a “bunch” I mean it ended up being worth about $20. A few months later I was like this is stupid and exchanged the DOGE for 0.05 BTC, worth $20 at the time. I transferred it to a bitcoin wallet that was based on a mnemonic secret key rather than any of the cloud wallet systems which hold your key for you. I then promptly forgot the passphrase, and have never been able to recover the wallet. I do have the public key still, so I can still see the 0.05 BTC sitting there, which is now worth $5000.
I did the setting and now I am doing the forgetting. Otherwise I’ll lose it (my mind)
I’ll definitely be interested in the livestream-- I’m looking over & rethinking my savings for mostly unrelated reasons, and uh. This is certainly a time to be doing that in.
I’m in the withdrawal phase. I typically take a certain amount each month from investments, kind of the reverse of dollar cost averaging.
I’m wondering if I should front-load my withdrawals for this year, and take a big chunk now instead of monthly.
Thoughts?
From the NY Times:
U.S. tariffs on Canada are going to be postponed by 30 days as the two countries negotiate a border deal, Prime Minister Justin Trudeau of Canada said after finishing a second call with President Trump.
I just had a good call with President Trump,” Trudeau said in a social media post. He said Canada would push ahead with its 1 billion Canadian dollar, or about $680.9 million, border reinforcement plan and deploy additional technology and staff, all of which had been announced previously.
That’s our leader.
Creating drama for the sake of drama.
so silly.
i’m feeling really good about the moves i made today regardless! chaos as a forcing function!
In addition to retaliatory tarrifs, several provinces were ripping up deals with starlink.
Plus while trump has less politicians around him than before, it helps US industries to delay tarrifs/give lead time
Also I think our politicians made a mistake negotiating with a bully even though they didn’t promise anything new, he won’t respect this and will still be an aggressive butt hole.
I agree with you. I wonder if Trump is really clueless about how damaging tariffs would be for him in the US, or just pretending to be.
I’ve started reading FoxNews, and especially the comments, because I want a read on how his base is responding to the things he is doing. I thought there was quite a good discussion on the site last night.
For example, I learned that the deal he’s attacking between the US and Canada is the one he negotiated in his first term. I mean, why
And that the last time the US engaged in tariffs (Smoot-Hawley, up to 67%) it triggered or contributed the Great Depression. I guess that’s one way to stop inflation, but I’m kinda skeptical those results are going to go over well with anyone.
Ok I only did a little bit of fact-checking, so maybe this info is wrong, but if it’s correct, why isn’t someone - a journalist, a high-ranking Democrat - calling this stuff out more publicly? Seems to me there’s some mileage to be had there.
(Maybe someone is, on X, and I’m just not brave enough to go there).
You are brave to go into any comment section. I’m afraid the answer to your question about the news is because the media outlets are almost entirely owned by oligarchs now.
And the Democrats? Maybe they can’t get the air time.
How about NPR? Maybe I should turn them on a bit more.
My friend and I were talking about this today. If he goes ahead with his threats and our leaders don’t cave we will have 5-10 years of economic misery, and will emerge with a more robust and diversified economy. It would suck so bad and be worth it.
About market timing: my current thought is to treat this like COVID. The markets during COVID didn’t make any gosh darn sense at all because they are a mass hallucination of what a bunch of ultra wealthy people (white men) think the economy is probably going to do (or maybe now it’s all algorithms?). The market didn’t crash until waaaaaay after any reasonable person knew that the whole world was going to lock down and the way it recovered was also totally divorced from what was actually happening IRL. So even if I think I know what will happen in the real world, I accept that I have no clue how the stock market is going to react and I’m not going to try to predict anything but volatility.