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The other day I saw wallstreetbets redditors claiming that we are in a “forever bull” market, and that crashes are a thing of the past.
It reminded me of all those economists in the 90s who decided markets with the internet were substantively different from markets without the internet, and that crashes are a thing of the past.
Amazing how people simply ignore events that are still fairly recent.
So far this year, according to Silicon Valley Bank, 58 percent of all VC investment has gone to AI companies
Had to go check the publication date after that. The bank still exists?!
yeah im pretty sure they crashed and burned a few years back… along with first national was it? JP Morgan Chase bought them both up I think as a sort of ‘bail out’ deal they were somewhat forced to do by the Biden admin, unless I’m totally misremembering things here.
Can it take real estate down with it?
Excerpt from a /r/bogleheads comment on the subject:
If you had invested money the day Alan Greenspan uttered the now famous phrase “Irrational Exuberance”, held it until the dotcom bust, and sold at the bottom, you still would have come out ahead.
Knowing there’s a bubble does nothing to help you understand what will happen to the bubble. In order to do that, you need to know:
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That there is a bubble.
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How high the bubble will go.
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When the bubble will pop.
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When the bubble bottoms out.
Nobody knows 2, 3, and 4.
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Should I sell my NVIDA and stick it in gold?
At least a portion why not
I mean if you have NVIDIA at all yeah sell it and put it into a diversified fund and maybe also some gold. Putting a ton of money into just one company is usually a bad idea, and doubly so when that company is at the nexus of potentially the largest stock market bubble of the post-war period.
it’s all good most of my investments are in etfs, but I play a bit of fun money in stocks and crypto wondering if it’s time to get into direct commodities lol
Ah got it, removed gambling money. Yeah tbh I think gold has a lot more to run. The Chinese and Russian central banks are not going to stop buying gold anytime soon. Even as late as 1980 the international holdings of central banks was 60℅ gold. As of today it’s only 23%, but the first time since the 90s that that number is higher than US Treasuries. Don’t think that’s slowing down.
That said I think gold is probably also a bubble rn driven by crazy retail buying, but between AI bubble and gold bubble I choose gold.
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I was gonna do that but it turns out… like… how the fuck do you put money in gold other than straight buying gold shit?
Personally I was going to buy and hold through revolut if you know what that is? through them and other banks and certain financial institutions you can buy what are essentially fractional shares in silver, gold or platinum and they charge iirc < 1% of the market price for the buy and hold it for free, and provide a mechanism for selling it later on
nope never heard of them but thanks for the info, ill check it out
please dont ever stick more than you can afford to lose into this or any other stock/crypto or whatever asset, it’s all essentially gambling
yep for sure
