During Obama reign of terror I moved into bonds and said fuck it. My investments were not keeping up with inflation. Not going to make a lot in bonds if anything but at least I was not getting crushed, mainly just keeping what I had.
I moved early this time. I'm not sitting around waiting for this thing to crash which it will. That's ok if people want to laugh at me. I don't need the money and want off the roller coaster ride. I did well under Trump. Taking my winnings early and getting off this rickety cart.
You were smart to see that coming. 2018 convinced me that things will be fucked up when democrats seize power. That crash was directly in response to them cheating their way into taking the House.
Gonna try sitting out this time as they crash and burn the economy... time will tell.
I got educated by reading Zero Hedge, Mike “ Mish” Shedlok, and Karl Denniger. Only Zero Hedge is free now, but not as good as it used to be. Probably need a economics .win.
Going into bonds was purely due to what my 401k had available. The guy bashing bonds, doesn’t have a clue, it is risk mitigation and your choices maybe grossly limited depending upon what funds you have or what investments. Obviously not looking for 2% return on investment, just looking to avoid 50%+ haircut due to market correction on main retirement nest egg.
You know, that was my exact motivation. I have rode the market for 25 years, saw a couple corrections and it worked out... not as young as i once was, and dont want to wait 5 or 10 years for it to come back.
I never tried to time the market, I'm not that smart. But I do know what damage democrats can do. See the housing crash, and 2018 as two examples. Just don't want to be in another one, and the situation is ripe. These fools cannot manage prosperity.