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some really nice cars in line to pick up free food. Let's hope everyone has a nice holiday.
My husband noticed that too, much newer than ours going by the license plate. But anyway, this year we did well, so we are going to donate some money to the food bank regardless.
My thoughts are that one shouldn't be looking to make quick gains in the market at this point as it may have already run its course. If you can withstand the volatility, I do think there's value to be had, but this is more of a long-term play (2-3 years or more). We likely could be getting a near term correction early next year as the COVID cases continue to spiral out of control and local governments are forced to do more lockdowns.
However, I think investing in cyclicals could be good for 1 - taking advantage of dividends in the near-term (they'll add up over time) and the potential growth once we hit the economic recovery from the vaccine (late 2021 and beyond). I also think the tech sector remains a good long-term growth as the digital revolution is not turning around (but there may be some more near-term reductions due to overvaluation).
So, continue dollar cost averaging and diversifying your investments. You should contribute with money that you aren't depending upon in the next 6-12 months and you won't regret your moves.
not hard to understand ... markets are forward looking and are looking at about an 8% gain in earnings over 2019 in 2021 even if those earnings come from cuts in work force ... they pretty much wrote off 2020
so this is 2021 admission .
Nope.
The DOW is now suffering from asset hyperinflation in light of the small problem I affectionately refer to as QE 2.2^10
Imagine paying for real estate with it ......you can lose all your gains in the real estate if Bitcoin falls after you close ..
If I buy socks I want to know what I am paying in dollars today .Bitcoin is a lousy way to buy things
That’s what these doomers don’t understand. If I buy a house with $200,000 of USD on Monday, there’s extremely small currency risk by Friday....or next month....or a year later. I have stability in terms of currency by and large.
Using Bitcoin to do it? Good luck. That $200,000 house could have cost you 10 bitcoins and 6 months later those bitcoins are worth 1/4 as much. Or up 10% by the end of the week.
Large corporations are hesitant to operate in functional currencies overseas and often try to get out of them into USD as soon as possible to get the profits up the chain. Imagine how terrified anyone who actually knows what they’re doing would be of holding Bitcoin.
It’s speculation at best.
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