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Joined 1 month ago
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Cake day: January 31st, 2025

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  • You’re totally right and normally I would ride the dip. But we’re not in normal times. I’m thinking recession inevitable, depression possible. I’ll try not to miss the bottom of the dip, but that could be years from now. I’m happy with my decision.

    He will say something incredibly stupid just about every day, you can take that to the bank. After delaying the tariffs again he announced 250% tariff against Canadian dairy because he misunderstood their variable tariff protection scheme. Even if the tariffs never officially come to pass, this on and off shit is terrible. The market is irrational but it hates uncertainty.


  • So I bought a Challenger R/T with 14k miles on it five years ago. Just that bit of driving in less than a year brought the price down $10k from new. I have put almost 70k miles on it, and it’s now worth $4k more than I paid for it.

    For real, if you can get an old Ford truck from the nineties in good condition with low mileage it is probably a better investment than a 4% 401k match. My next door neighbor picked up a decent 90s Toyota truck that had been sitting in a barn for $1000. He is a mechanic so there’s that, but I thought he made an excellent purchase. So what if it’s missing some clear coat and has rust spots in non-critical locations on the body?

    Do not buy a new car, ever! Currently having this argument with my wife.


  • Personally I pulled everything out of index funds right before the market tanked. I know trying to time the market is a fool’s errand, but it was so obvious that the US was about to shit the bed.

    Now if that money to will be worth anything in a few years I have no idea. If we pull through I will reinvest. I’m literally thinking about buying gold, something that I thought was stupid just a short time ago.

    I have no illusions about the intrinsic value of gold, but I read that JP Morgan Chase flew $4 billion in gold to their vault in NYC a month ago. Other big banks are doing the same.

    Fuck the big banks, don’t get me wrong, but they know about risk and hedging.