01-19-2023, 11:18 AM
(01-16-2023, 02:04 PM)rayray Wrote:(01-16-2023, 07:43 AM)ken-do-nim Wrote:(01-15-2023, 09:29 AM)rayray Wrote: Washington has to reign in their spending, it cannot be ignored.
What will be done? idk because both parties are guilty
My solution? I do the Ostrich method, put my head in the sand and hope for the best.
did i mention i really like amzn, tsla, goog/googl and aapl??
No question on the first part; ideally tax cuts or new spending bills are accounted for in the budget when they are passed. It's just irresponsible to either fund something new without knowing how to pay for it, or cutting taxes without cutting spending. I'm very worried the markets are going to get absolutely thrashed until this is resolved, so I'm leaving whatever limited funds I will acquire to invest between now & then in cash. I'm tempted to put my 401k into the Stable Value fund for a couple months too, thinking it over.
Big tech has been a sure thing for years, I get it. Of the 4 you listed, i think Google is the safest from competition.
i try not to guess what happens politically, and or how they'll budget, even on the federal level
i invest weekly, through the good times and the bad
Yeah, every now and again I'm tempted to make some moves to avoid storms like this (potential) one. It seems so rational, but usually I regret it. There is no predicting what it going to happen politically (though I agree it looks / feels bad at the moment!), but even if you get that part right, predicting how the market will react to whatever happens is even more attenuated.
Best approach I've come up with is to try to keep plenty of dry powder and and keep my spreadsheets updated so that I'm ready to take advantage of the opportunities these debacles present. Otherwise, I tent to just hold on and try not to barf when the market gets crushed.
Maybe impending doom is the new normal!