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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What do you do with your money in a situation like this.[/quote]

I’ve been steady investing 15-% of my net paycheck every 2 weeks into my taxable brokerage account. I’m going to just more doing this. It’s worked out well for me
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That's fine, just don't expect rebounds like 2008-2021.  The era of easy money and the bull market is over.  Bear markets can last for very, veryong times. You better lrepr.for holding 10+ years in a worst case scenario.  The Fed put is over because inflation is out of control. Bond yields are crawling out of their grave, which means there will be very attractive options in the future besides investing in stocks. Trillions may flow from stocks and into bonds.[/quote]

I'm the PP who said we're all screwed. It either ends in a deflationary 1929 crash or a hyperinflation event. We have so much debt with a relatively short maturity that really the country cannot afford to service it at the much higher rates needed to tame inflation. So historically, countries in this position have inflated away the debt via currency devaluation. Some people think we're going to get a recession initially and then the Fed will have to step in and lower rates again by late 2022 or 2023 to prevent the 1929 style deflation, sending us into more inflation. Ultimately this sets up a move to the digital dollar, which sounds nuts but there's plenty of articles out there about it. Buckle up![/quote]

If you know so much, you should put your money where your mouth is.  If you're right, you can make out like a bandit!  But I've never seen a doom-and-gloomer actually follow through.[/quote]

What makes you think I haven't already? I'm half cash, sold 10-20% ago and waiting for a big capitulation event to get back in. You sound very bitter, I'm sorry you didn't have the same foresight. [/quote]

+1.  And us doom and gloomers don’t really think this is the bottom.  I’m sitting on a pile of cash waiting for the shit to actually hit the fan.  Right now there are too many overly invested people delusional about the market’s prospects.  Give it till October and you’ll all have to be cashing out to fund your boomer retirement once you work through whatever reserves you kept on hand.  That’s when the crash is really coming.  And I can’t wait.  People live way beyond their means in this country.[/quote]

This doesn’t make sense.  The doom and gloomers are talking about a down market for a very, very long time so what does it matter if you magically find and invest in the bottom? [/quote]

PP here.  TBH, I think the real recession will be 2024.  But honestly, as a millennial who graduated in 2008, we'll get through it.  Right now boomers and Trump supporters are sitting on a crap ton of property, living beyond their means due to their belief that the gains of the last few year's stock markets were realized, etc.  It may be schaudenfreude but I just want to watch them suffer consequences for once.[/quote]

It won't be the boomers who will suffer.  The AirBnb and multiple properties in Austin crowd is decidedly younger generation (you people) who think RE will only go up.  That's the bubble that will really kill the economy.  It's quite unsustainable.  That's when the fun begins.  As an "almost boomer", I'm waiting with a bunch of cash to pick up a couple of properties for my kids and invest in stocks.  I (and a bunch of boomers) have seem these cycles multiple times are are prepared.  Y'all.. not so much.[/quote]

PP here.  Honestly, I just thought it would be boomers based on my parents' crowd (we'll be able to fund my parents and they lived pretty frugally after paying for our educations, which was decidedly a lot, so we're fine paying whatever they need).

Whoever is sitting there on these properties they didn't deserve is who I want to see go bust!  We're in your boat as well but tbh we're not the typical millennials since we are also sitting on a bunch of cash to pick up some RE and invest back in when things go boom.

Anyways, I think we have the exact same strategy.  Here's to the fun starting![/quote]

Good luck to you to as well!

I think greed spans generations.  I'm mid-50s, an almost-boomer, and have seen some boomers (10-15 years older than me) be affected by the 2008 crash.  A few of them were higher up the corporate hierarchy and were about to retire back then but got killed in the crash and had to continue working.  Several of them turned conservative and are likely now sitting pretty.   Between 2008 to about 2015/16, the market struggled to really go up because there weren't too many people investing, mostly gun-shy from the crash.  The 2016-2021 boom is really the result of new money coming into the market and I suspect it was from younger workers as opposed to boomers.  Same goes for RE and AirBnb IMHO.  I missed picking up some good RE in Vienna (homes were selling for about 400K, about half of what they go for now) during that time.  Have more cash now and waiting for another crash.[/quote]

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