Xring01
Well-Known Member
- Joined
- Feb 25, 2017
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There are alot of people on RDP that have alot of investing knowledge.
Thought I would share my thoughts.
When the market tanked on CV19, I had some $$$ on the sidelines, and went all in. I have done very very well. Some of the keys reasons I believe I did well, is due to the fact the US Gov poured about $1.4 Trillion into the economy. The market went up. A lesson I learned long time ago, is its stupid to fight the Fed Banks. Might as well take advantage. Knowing the Fed was opening up the check book, I went all in.
Now Pelosi, has another $3T deal thats going to be debated. I doubt the $3T will get approved, but I do believe more $$$ is coming. On the flip side, read an article that says the Un Employment rate could hit as high as 25%. WHOAH... Thats some scary stuff. Even at 20% Un Employment, thats a very serious hit to the economy.
So, I am no longer Bullish... more on the Bearish side. Pulling profits some of my CV19 investments, selling some completely. Planning to reduce LVGO to 50% of where it is now. Probably sell AMZN, and BYND.... Holding PCG - but thats a 2 year play.
Would love to here yall's opinion.
Bearish and why?
Bullish and why?
Selling? Holding? Buying more???
Any gems out there worth buying right now?
Thought I would share my thoughts.
When the market tanked on CV19, I had some $$$ on the sidelines, and went all in. I have done very very well. Some of the keys reasons I believe I did well, is due to the fact the US Gov poured about $1.4 Trillion into the economy. The market went up. A lesson I learned long time ago, is its stupid to fight the Fed Banks. Might as well take advantage. Knowing the Fed was opening up the check book, I went all in.
Now Pelosi, has another $3T deal thats going to be debated. I doubt the $3T will get approved, but I do believe more $$$ is coming. On the flip side, read an article that says the Un Employment rate could hit as high as 25%. WHOAH... Thats some scary stuff. Even at 20% Un Employment, thats a very serious hit to the economy.
So, I am no longer Bullish... more on the Bearish side. Pulling profits some of my CV19 investments, selling some completely. Planning to reduce LVGO to 50% of where it is now. Probably sell AMZN, and BYND.... Holding PCG - but thats a 2 year play.
Would love to here yall's opinion.
Bearish and why?
Bullish and why?
Selling? Holding? Buying more???
Any gems out there worth buying right now?