this post was submitted on 29 Apr 2025
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Political Memes

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[–] FlashMobOfOne@lemmy.world 10 points 3 months ago* (last edited 3 months ago) (12 children)

Agreed.

The only way for a wage earner to bootstrap their way up is to have money when historic opportunities to invest present themselves, like March 2020 and April 2025. If you have a few thousand to invest now, chances are that will turn into a massive profit over time. And even better, hold those securities for longer than a year and you get a preferred, lower tax rate on any profits.

But most people can't do that. They're stuck taking out an (air quotes) "interest-free" loan from Klarna to make sure they don't starve this week. Our politicians are, thankfully, focused on the most important priorities, like drag queen story time. (And that's sarcasm, btw.)

[–] MutilationWave@lemmy.dbzer0.com 11 points 3 months ago* (last edited 3 months ago) (10 children)

Please don't invest right now. You are right that you can make a lot of money if you know what you're doing, but it's still a casino. With the people running the US right now, if they ever fully implement the tariffs, the market is going to eat shit. Then you can buy if there's some glimmer of hope like Republicans losing Congress in 2026. I'm not trying to do US defaultism here, I believe this advice holds worldwide.

I pulled all my money out when Trump got elected, and that was a good choice. If I'd gone all in on options I'd be straight up hood rich, but I can't gamble everything we have.

[–] Bytemeister@lemmy.world 5 points 3 months ago (2 children)

If the US collapses, the dollars you saved from pulling your investments is worthless...

[–] MutilationWave@lemmy.dbzer0.com 2 points 3 months ago (1 children)

That's true, but so would the investments themselves.

[–] Bytemeister@lemmy.world 5 points 3 months ago

Yes... But if the US doesn't collapse then you make a lot of money buying the dip.

So either the US survives, and you make a lot of money if you invested, or the US crumbles and your cash or investments are both worth the same amount (zero).

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