They are henceforth to be referred to as Magats…and yes that is a pun about maggots.
A small investment that was to form part of my pension, that I worked hard to accrue, but may now need to live on, after my divorce, has just lost 10% of it’s value thanks to the Trumpanzee.
I see the Chinese have hit back with an 84% tariff on all US goods, and the rest of us will have to endure the consequences of the Trumpanzee’s trade war.
We all know what he’s fucking doing, he’s doing to the global economy, exactly what he did to Stormy Daniels. And it’s just as repulsive to watch would be my guess.
Unless this is the sort of pension that is 100% controlled by faceless managers somewhere, you should be able to move all those assets to a cash position, such as a money market account. You do not have to ride it all the way down. My best estimate is the US market is only half way to the bottom, if that, and the markets are reacting to little threads of hope (goes up on mere rumors of Trump relenting on tariffs, otherwise down).
IDK what the markets you’re in are doing but the US stock market is gyrating all over the place and I bailed on the dead cat bounce a couple of weeks ago. Also sold our US Treasury bonds (as are a lot of foreign investors, particularly Germany and Japan).
Mindless herds, mindlessly speculating. They haven’t figured out that the world order has been pulled out from under them, the US dollar is no longer the world’s reserve currency, and Shitler owns their life savings.
At this point the Orange One is just dicking with them.
Keeping an eye on it, but it’s a uk based fund, so am hoping it won’t be too bad. In the meantime, I hope work will pick over the summer. I may buy gold, as this tends to do well when global markets are in decline. Also I have always wanted to own some Dutch Krugerrands.
The Dow closed up 3000 points. I expect this extreme market volatility to continue for the foreseeable future as the markets react to Tangerine Palpatine’s latest whim. I’ve been expecting this for some time and had previously taken actions to protect my investments. So far they haven’t been materially affected by this shit.
Either that, or the rest of the civilised world leaves the USA to descend back into the primaeval slime, and become Black Death era Mongolia with stealth bombers. Which it will be unable to deploy, because it’s turned its back on the science required to keep them operational.
Of course, the parallels between the Apricot Arsehole and the Roman Heliogabalus are numerous. Hopefully one of those parallels will play out in the immediate future.