• 1984@lemmy.today
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    1 month ago

    The entire market goes up at the moment, because there are technical signs that we have reached the bottom. I was telling people to buy a week ago but of course they told me we are going to die and we are heading towards a recession.

    I dont think so guys. Big money is buying right now.

      • 1984@lemmy.today
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        1 month ago

        Ok. Well, at least look back at this post in a few days and learn something.

        You can actually just look at premarket right now, with microsoft and meta looking like 10% gain on market open, and the entire market going up.

        I dont know why people dont care about this. Its pretty nice to have money. So learning the basics about this should be essential.

    • frostysauce@lemmy.world
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      1 month ago

      I got paid at midnight and after paying bills this morning I have about 73 dollars in my account. Which stocks should I buy?

    • suicidaleggroll@lemm.ee
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      1 month ago

      Way too early. We haven’t even begun to see the results of these policies yet. Inflation results don’t yet take tariffs into account, the mass layoffs that are currently happening don’t show up in unemployment stats yet, the massive GDP shrinkage isn’t showing up yet, supply chains that are in the process of crashing haven’t yet affected consumers. This is a dead cat bounce, which literally every single crash in history has, and every time there are people shouting that the pain is over and now is the time to buy back in, right before the bottom drops out.

      • 1984@lemmy.today
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        1 month ago

        We will see. I dont think so.

        You should ask yourself when you think its safe to buy. If its at the top of the market, or if you want to wait for the crash that may never come? Both of those options are very bad.

        • suicidaleggroll@lemm.ee
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          1 month ago

          The bottom hits when all (or most) of the bad news is on the table. People know what’s happening and what the future looks like. It doesn’t happen when the pain is gone, just when people know what that pain will look like for the foreseeable future. For example, in 2022 the bottom happened when rate increases started to slow down, not when they stopped completely, just when inflation was starting to level off and we dropped from .75pt hikes to .5pt and people could see a path forward.

          We are not at that point yet in the current crash, nobody has any idea how bad it’s going to get, none of the indicators show the problems yet because they’re all lagging, and consumers haven’t been hit yet by the high prices and supply chain crashes because manufacturers and retailers are still running off of back stock.

          I could be wrong of course, but I don’t think I am.

          • 1984@lemmy.today
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            1 month ago

            We will see. Looking forward to seeing what happens. We have doomsday scenarios and we have hopeful scenarios that tariffs are temporary and will be removed once the narcissist is happy. We will see.

    • Wanpieserino@lemm.ee
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      1 month ago

      I told my buddies to buy. They did not. I started investing in stocks at 30 march and was 6k euros deep before the crash. Went all in because 2/3rd of the time doing lump sum beats DCA. So during a crash, it’s likely to be a really good choice.

      ATM I have 8,47% total profit on 22,3k euros investment in STOXX 600 etf. This thing has 0,07% TER and I do not even pay taxes on the dividends within my own country. Only at the initial source. My country has no capital gains tax and it’s an accumulating ETF.

      I’m quite amused by Trump’s shenanigans causing hysteria.

      • 1984@lemmy.today
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        1 month ago

        Sadly we are in the minority and people think they should wait until stocks become expensive again, and then buy. I dont know, something is wrong with how people think about stocks.

          • 1984@lemmy.today
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            1 month ago

            Because they believe the scary news and dont realize thats how ordinary people gets convinced to sell their stocks.

            They pick analysts that think the market will go down on the front covers when they want the market to dip, and analysts that think the market goes up when they want the market to go up.

            Its super obvious and people dont seem to realize they are manipulated. The investment firms make money both when it goes down and up.

            Best strategy in the world is to buy and hold when its very cheap, like right now, and ignore scary news. Dont sell.

            For example :

            https://www.marketwatch.com/story/stock-markets-rapid-rebound-from-tariff-inspired-rout-stuns-wall-street-but-there-were-signs-this-would-happen-ae9b4296?mod=home_lead

            Stuns wall street? They were the ones buying. Thats why stocks are up! And they bought because there are market indicators saying a lot of stocks have hit bottom. So while the scary news about recession were making the rounds last week, who was buying? Wall Street.