this post was submitted on 09 Apr 2025
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Press X to doubt
I believe it.
The lesson I learned growing up in the 2008 crash, and hearing about the dotcom bubble, is “the finance guys will screw something up, they can’t help themselves.” Hence I have a small, long term short against the Russel 3000 in my portfolio to “counterbalance” random whole market nonsense. Not as extreme as OP, but I can totally see someone being cynical and shorting a lot at the start of the year.
Prior to inauguration day, I balanced my portfolio to favor bets against the s&p 500 (SQQQ, TSLZ, SPXS, ...)
I kept enough of my exposure to the s&p 500 to not be an idiot here. Basically while the s&p went down $1, I went up about $1.25. and also the opposite.
Then, as my assumptions appeared correct, I starting making aggressive puts against DJT, RDDT, and many others. Employing a common bear market technique referred to as "shopping for lottery tickets."
But whatever, haters gonna hate. :)
Heh, I wouldn't have done this. I figured Musk would just prop up the stock from the White House, but I underestimated everything.
That's how Lemmy be.
I suspect downvotes could be for simply being in the stock market, and coming out on top, not just doubt that you did. A kinda "you capitalist pig" sentiment. Which is understandable, but...
No doubt he (Elon) has (propped up the stock from the white house), and is. TSLZ has been a wild ride. But every time I consider getting off that roller coaster I just say "nah. Fuck him." And let it ride. I only put $1000 in TSLZ and that's like $2500 now I think. Idgaf if I lose all that; that's now a principal investment :)
And yeah you probably right. But anybody who has a full time job and a 401k is out here mindlessly investing in TSLA through their 401k, I'm out here trying to take money out of Elons bank.
And to those that don't have a full-time job and are, I guess for lack of a better word, otherwise envious...
I built my own stock portfolio on ~$20 a week out of a part time check from a brewery, starting in 2009. Y'all can do the same (well actually, we'll see...). Vote with your dollar, etc.
100%.
I'm in the Warren Buffet/sorta Motley Fool camp on small time, long term stock holding in a few companies you see doing good things, putting in bit by bit.
I sorta was this was, but COVID wrecked my gains because I failed to exit. This time I swore to myself I wouldn't let it happen again.
IDK what you mean, I held through COVID and it's been way up since then. Even if you bought the S&P 500 at the peak of February, right before it hit, you would have been back in the green within a year.
It appears that gravity has already taken over and softened this impact, too:
https://www.axios.com/2025/04/09/trump-tariffs-pause-china-stocks-recession
Again, I never said I've done poorly since COVID.
I've just managed to turn the current instability into profits. Ive done better this month, as I have set aggressive positions against the market in preparation.
When I mentioned COVID, I was mentioning, you know, the biggest drop in the market since the current one.
lol ok not here to argue or prove anything.
Today's not looking good because Donnie is giving a talk and DJT is getting another bounce, but if it sinks back below $15 before May, I'll cash in another ~$10k.