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Trying to decide exactly when to put my life savings into this dumpster fire. Its like GameStop stock all over again except this time it's an entire country's economy
Funnily enough, Gamestop is up 11% today
Buy the dip
Wish I had more disposable income. I would have been raking in dough from short ETFs like SOXS, TECS, SQQQ, SDOW, AIBD, and TSLS. Probably a good time now to buy China ETFs, they seem resistant to this dip--at least some of them, I noticed US and Western ETFs started tanking a couple days ago first while China's stayed in the green or had very low losses for a while longer, now most are being hit the same today. I believe China and (maybe) International ETFs will probably do better than S&P 500 in the future.
Edit: If anyone new reads this, I just want to be clear that I am not advising anyone to do any investments right now. I'm just making remarks from my little experience in investing, and I was just making an educated guess on what likely may be good investments in the near or not so near future. I had good luck with China ETFs and mutual funds in the past, but things can change. Investing is always a risk no matter what you do.
China stocks are down too no? Regardless, risky move to invest in stocks in a country that regularly kneecaps companies imo
Yes, but from my experience so far, if I were to pick what to invest in the stock market, it would be China's corporations as they seem to have more reliable growth. I made a lot of money I lost before back when I switched from choosing my own stocks to investing in ETFs and mutual funds, especially from China ETFs.
You could short on margin I guess lol
Too risky, especially now. I honestly don't recommend shorting or buying with margin, especially for poor folk. You risk losing a lot of money. Saw too many idiots having to owe $100Ks.
I also don't advise buying the short ETFs I mentioned above now. It's probably too late.