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No, you’ve become poorer if you didn’t pivot your non-real assets out of the US. I’m beating inflation simply by having shifted to APAC and EU.
One of the problems showcased here is the continued USD-centric thinking.
The USD is no longer a safe bet. I pick the Euro for long term stability, tbh.
When you destroy your own economy to own the libs.
Did these fucking losers think owning the libs would be free?
If you’ve invested all of your savings in the SP500 (up 11% since January 20th) then you have just barely broken even. Remember that when you hear people talking about the stock market being at an all time high.
Surprisingly gold is up 63% in the same period.
I moved 90% of my investments to Europe/Asia and saw a 12-15% increase since April.
even with the fees, I’m still making out ahead.
I know the train stops soon, but I’ll ride it until I can.
I bought an ounce for grins at that time and just sold it for 60% gains.
Im not sure how gold can be up so high along with the stock market. Those two things should he inverse of each other.
Because the arock market has become completely detached from any actual economic indicators.
Wild guess, but perhaps some people see the economic writing on the wall and have moved their investments into gold?
I would think normally they are static-ish inverse but during transition periods like now there would be pricing gaps for example as people flee dollar to go to gold, velocity on gold changes might be higher
Ha! I guess that just means I owe less.
