Never fight against the fed - I am the biggest idiot
Jul 9, 2020
26 Comments
I sold my tech positions in the last 6 weeks thinking rise in Covid cases will tank the market and we will see another March lows.
I sold Amazon, Apple, Alibaba, Netflix. Had I not sold anything, I would be 100k+ based on today's stock price.
I am the biggest idiot.
#personalfinance #investments #stock
comments
I have a fair amount in the market as well, and I've left it there. I'll benefit from this bullshit because I'm in the top 3% of net worth, but it infuriates me. Half this country doesn't own any stocks whatsoever. People can't fucking feed their family or pay rent because they're unemployed through no fault of their own.
It's not like these corporations would disappear if they declared bankruptcy. The only thing that would happen is they'd restructure, and debt holders will take ownership from equity holders.