Wednesday, April 15, 2020

What to Buy Now?


Let's face it: When we have the monies, we are overly obsessed about buying stuff.  For me, I don't want actual tangible assets.  I don't like clutter.  I'm a minimalist at heart.  The less crap in the room, the less decisions I need to make on a daily basis.  Therefore, I'm able to just go ahead and complete whatever it is I need to do.  I cannot stress enough how much of a people person that I'm not.  In any event, I will buy stocks, ETFs, mutual funds, etc.  Because the consumer is not spending right now with the pandemic lockdown, it's the perfect time to buy in on the market.  All we see are suggestions to buy whatever has been beaten down to a bloody pulp, such as energy (oil), financials (banks), cruise lines, and airplane lines. The above image is just a little glimpse of my own research. 

Look, everyone has crazy ideas about being the next Wolf of Wall Street, but how many individuals actually ever make it out alive?  Buy this and buy that.  Who the fuck really knows anymore?  One day the market is down, the next day the market is up, and the next day only God knows.  Some of the experts address everyone to just leave your money where you left it, some suggest to get out, some are just buying like crazy, and some people just continue to buy bonds, some people just continue to buy in increments like they don't give a damn, and some people just don't get involved nor have any interest whatsoever.  After everything is all said and done, who is right?  No one ever really knows.  It's all just a big gamble.  Welcome to the casino.  Sometimes you win, sometimes you lose.

Sorry no, you don't know the absolute truth about the future nor do I.  Things constantly change.  No one knows for sure.  Everyday is different.  There's no one ultimate business.  There's no one best brand name.  What exists is an ocean of companies in constant competition with each other.  How about multiple sources of income?  Nope, at some point everyone gets hammered by a recession.  What solutions remain out there?  Yes, buying bonds is a great one but also boring.  None the less, bonds have been yielding great returns this year.  Just continue to buy savings bonds.  It's the safest bet out there. 

So what will I actually be doing?  I'm buying in increments.  I don't have an exact super scientific game plan nor can such a thing ever be deployed, because everything is constantly changing so fast.  No one here can time the market.  Without a crystal ball, I need to rely heavily on ETFs.  I can't afford to buy single, individual stocks.  Buying stocks is just too risky.  I have had bad experiences buying cheap, penny stocks.  I don't trust it at all.  In fact, I remain buying ETFs.  Well, I guess that's just what I must do: Continue to buy ETFs.  As I've stated before, bonds are just to boring for me.  I would rather risk it all than to be boring. 

So there's all this crazy shit going around splattering anal juices everywhere.  What do we do?  Should we buy into the stock market?  You just have to go in there, kick some ass, and do it.
I have said enough.  You can plan and talk all you want, but ultimately what it comes down to is "Just do it" - Nike.  Should you hesitate and not do anything then don't expect to be rich, don't expect any benefits, don't expect anything.  If you do plan on doing something, who knows?  Maybe, there will be another recession after just having a recession.  Place your bets, place your bets. 

 

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