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/biz/ - Business & Finance


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12123748 No.12123748 [Reply] [Original]

>tfw you bought into the stock market at the peak of the bubble in late October
>tfw you're stuck holding these stocks for the next 10-15 years as we go into a recession
What should I do? Should I just start shorting the market? Cost average down on equities? Buy precious metals as a hedge?
I just got into investing and I got in at the worst possible time.

>> No.12123806

>>12123748
buy gold

>> No.12123838

>>12123806
I'm thinking about buying silver and silver ETFs. I already have a decent stash of silver stored away in a bank bag. I like gold too but I'm a poorfag so I can't really afford it, unless it were a 1/10th of an ounce coin or maybe GLD.

>> No.12123951

>>12123748
>tfw sold all my stocks early 2018 and bought a house
>tfw put all my spare cash from every wagiecheck into crypto this year and got JUST’d
>tfw have nice house but also have to keep working wagie job to keep it
It never ends, anons

>> No.12123962
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12123962

>>12123951
I'm not a crypto trader but speaking on behalf of /smg/ I feel your pain.

>> No.12123981

why do you peanut brains always bring up metals? You realize you can short the market right? You dont need to risk your money on a fake "hedge" like precious metals

Maybe if you bought good yielding stocks instead of AMD you wouldnt have lost everything?

>> No.12124002

>>12123981
I didn't buy AMD. I refused to buy it because quite a few years back I saw it going for like 2 dollars a share, thought about buying it, then never did. Also, I'll never understand all of the hatred towards metals. Their prices always go way up during recessions.

>> No.12124050

>>12123748

You should sell naked calls on natural gas

>> No.12124074

>>12123748
i wanna watch potc again

>> No.12124082
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12124082

Sucks to suck, stupid monkey fag

>> No.12124093

>>12124082
>monkey
I'm not Brazilian though.

>> No.12124101

>>12123748


The "art" of getting out of a bad trade

- Sell immediately cut the pain
- Hope for the better
- Sell a third then trade in and out to get out

Don't add to position

>> No.12124497

>>12124002
>Also, I'll never understand all of the hatred towards metals. Their prices always go way up during recessions.
either youre troll or never looked at a chart in your life LMAO