Quote:
Originally Posted by vienna
Hmm...
Over 4 trillion dollars in stock market losses in a bit under one week...
...so, all you with 401k's who voted for the Giant Orange Buffoon, how's it working out for y'all...?...
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I actually disagree
It doesn't matter what the current market is doing.
Yes, the market crashed. But for long term investment it shouldn't be a problem.The effects you see now are not permanent. You can compare it with a recession.
Its true that Tesla isn't the greatest stock to buy. But its cheap. You can currently buy it now for a lower price, then it was before.
Microsoft, Amazon, Nvidia, Apple, Tesla ect, all stocks that are lower now. Some of them are good some not. its your own choice. But its almost 70% sure that those stocks will rise again after this crash. People like Musk and Bezos lost some of there wealth. Thats true. But on the long term, there companies will be worth a lot more then today. Maybe more then the price it had before the crash.
People always think about today. But think about the future.
When i see a stock. I don't look at the price today. I try to speculate what the price will be after 5-10 years, even more.
Look at Rheinmetal stock. German arms manufacturer, the stock skyrocketed. Because Europe invests more in there defense.
Some people want to start investing in Rheinmetal. But its too late. I would say no. It still has potential to grow. But you should have invested in it years ago, at a low price and now selling it.
Always think about the future and long term. there will be stocks who are very low now, that will rise after this arms race with Europe and Russia.
You already know that in the future, over the next few years. Europe will cut off a bit there investments in defense.
Because they will say ''we invested to much in 2025'' Then a new stock will skyrocket.
(that currently is very low or unknown)
Always think ahead
I actually believe that the American economy will flourish after a few years. After this crash, the economy will boom again.
I'm talking from my own experience too. I always did the opposite what the media or most of the people told me... You buy when there is fear, you sell when the market is flourishing.