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Joined 2 years ago
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Cake day: June 13th, 2023

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  • You lose if you sell or if Trump fucks up the economy enough to completely wipe out many businesses (such that their stocks go to zero/get delisted).

    Frankly, given the real possibility of (a) the US becoming a Russia/Iran/North Korea-style pariah state or (b) the MAGA fascists triggering a civil war, that could actually happen.

    Remember, This. Is. Not. Normal. The usual economic assumptions do not take into account this sort of sovereign risk, and thus may not actually apply.






  • Ordinarily, yes. But in this case, we’re dealing with a type of risk we don’t usually have to worry about: sovereign risk. It is entirely possible that Trump could be fucking up the country in ways that the market will never come back from because companies just get entirely destroyed or nationalized or who knows what.

    In that sort of case, changing your investments – not timing the market, but responding to the potentially permanent difference in circumstances – can make sense.