NEW YORK - President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out US$4 trillion (S$5.3 trillion) from the S&P 500’s peak last month, when Wall Street was cheering much of Mr Trump’s agenda.
Glad you got it out! And glad you didn’t buy the dip before it dipped even harder. Definitely don’t think now is the time to be playing the stock market game unless you have extra money laying around to gamble with.
This means that you have cash now? If so, isn’t it dangerous if hyperinflation comes into play? I am just curious, not trying to blame you for anything
Whether it’s a crashing stock market or inflation both are going to cause your money to become worthless and both can be fixed with time but with crashing stock market if companies don’t rebound in the end and go out of business during the depression then your money is lost forever. At least with inflation there’s a chance it’ll resolve and you’ll have money again in the end.
Thank you for the explanation
I certainly do not. I’ve been unemployed for a month, living on the house money and by wife’s income. I tried to tell her yesterday that I’d saved us more money than I would have made working!