Re:How to invest without knowing the future
by kgin on Friday November 12, 2021 @11:25AM
(#29200997)
You can invest in companies that make money though. There are lots of them chugging along just fine and providing returns, dividends even. The high flying meme stocks get majority of the attention, but they’re not the majority of the market.
It’s true they’ll get pulled down in a bear markets, but not nearly as much as meme stocks.
Everyone is being forced to put their money into an extremely overvalued market. What is a crash going to look like when main street is sitting on assets just like wall street is? Is my stock portfolio FDIC insured against a run on the market?
I hate that my new savings account is shares in multibillion dollar corporations that have never made a penny of profit. And when they crash they'll tear down all the solid companies too. It's a damned if you do, damned if you don't situation.