Just wanted to share that inflation does not have to equal poor performance of stocks, remember the trend remains up until we see a new lower low. This is the kind of dip which should be bought if your investment horizon is around 5 years, but I wouldn’t try timing or trading it. Personally, hope rates remain high through August as I have some high yield stuff maturing that will need to find a new home.
You make valid points about the global economy and the potential consequences of recent political decisions. It’s prudent to diversify assets considering the uncertain times. Gold’s historical resilience and centrality in global finance make it an understandable choice.
Last week provided a great buying opportunity for those looking to add to their portfolio. The thing I always ask myself when the market fluctuates lower is… Is the predominate trend still in place, is my portfolio still aligned with this trend? If the answer is yes meaning the predominate trend has not been broken (new lower-low) then… Do nothing if not buying.
In my view as a discerning market observer and participant, the saying “the markets climb a wall of worry” captures a fundamental truth about investor psychology and economic resilience.
Personally, I’ve witnessed time and again how despite facing towering challenges—geopolitical strife, economic turbulence, or policy upheavals—investors channel their inherent optimism to look forward and find growth opportunities in the markets, propelling them over these metaphoric walls of worry.
This climb isn’t just a testament to market fortitude; it embodies our collective belief in progress and adaptability. Yet, while I celebrate this upward momentum, I remain vigilant, recognizing that such ascent demands caution and strategic risk management, acknowledging the potential for reversals when sentiment shifts or unaddressed issues surface.
I daily ask myself if the predominant trend is intact and if my investments are aligned with the trend always assessing the market in front of me, currently the charts as of last Friday show no signs of being in recession or a give any clue to pending recession…
I will acknowledge the peasants’ struggle from a less self-serving perspective. Those without generational wealth, those without large 401K’s or stock portfolios, no matter if it is self-inflicted, lack of talent, bad luck, or youth, the struggle is real for the common man. The stock market serves many stockholders but very few stakeholders.
Most Americans are not financially prepared for inflation or a recession. Therefore, government policy directly impacts most people’s daily survival. Conversely, There will always be plenty of money to support the kingmakers.
Optimism is earned at the lower levels and is never taken for granted. Embrace the skeptics, for that, is most people’s reality.
And this man’s job is to stay ahead of the negative sentiment.
Sometimes it’s better to be lucky than good… I’ve held a few pot stocks over the years and it’s been pretty dismal. Well, me being the type that enjoys pounding my head against a wall, a few weeks ago when I made my annual contribution of $7500 to my IRA I decided to throw it all in pot stocks. Put +/- 1K into 7 different companies… hoping one turns out to be the “Anheuser Busch” of the industry. Woke up pretty happy today… up over $1000! If/when federal legalization comes there will be some good money to be made. Of course, no one knows when that will be but today’s news was a nice step.
That’s the problem. With pot being legalized around the country, and a federal reclassification imminent, there are and will be tons of players coming into the market. If I were to throw my money in, I think I would choose an ETF rather than picking individual companies.
Yeah, an ETF is definitely a smarter investment… I’m swinging for the fences and hoping for a miracle The 7.5K I threw in is admittedly kind of foolish but I’m hoping by spreading it across seven companies I’ll come out okay… or, at least not lose all my money overnight. For those wondering I did a bit of research and picked companies based on current market share and some articles with recommendations of certain companies.
Here they are:
CRLBF - I already held this one but bought some more. My niece works for them and I’m intrigued at some things they’ve got going for them. I got in at $10/share and have lost my ass but I still like their potential. They just recently have been getting some attention from analysts.
TCNNF
GTBIF
VRNOF
GTLB
MNDY
SMG
Funny thing is I rarely ever smoke weed anymore. I just like the investment upside and know someday there will be some HUGE players. When I was younger it was a big staple in my “diet” but after raising kids, running a company and having to be responsible I just don’t enjoy it like I used to. Kind of a bummer… probably less bad for me than the whiskey, tequila and beer I medicate myself with
The 7.5K I threw in is admittedly kind of foolish but I’m hoping by spreading it across seven companies I’ll come out okay… or, at least not lose all my money overnight. For those wondering I did a bit of research and picked companies based on current market share and some articles with recommendations of certain companies.