posted on Jul, 29 2020 @ 10:57 AM
originally posted by: a325nt
a reply to: CriticalStinker
Curious what you invested in... I put mine in the bank, as it isn't big money I didn't think twice on it.
I got put options on the airlines before the drop. Cashed out a little before the bottom... Waited a bit and rode oil up before the OPEC+ meeting a
few months back... Switched to Nikola trucks which I loved, but now that I hear the founder talk more it sounds like a scam. Now I've switched to
boring ETF's and a bit in Nikola's competitor Hyliion as they IPO via a reverse merger with an SPAC.
I'm working on exiting some of those positions and putting a good chunk towards real estate in case we see some nasty inflation and market turmoil. I
just have this feeling that after the election either way, the Fed is going to have to be more hands off and let the market hash itself out... But
that's just an intuition on my part, and I wouldn't advise anyone based off of that feeling, especially since I can't back it and am not a
Edit: Bit of caveat, aside from the ETF's, I've been doing extremely high risk plays since I'm young. If someone was looking to go long on something,
I wouldn't do the risky stuff. I'd try and find blue chips that still haven't fully recovered. Also, I'm not letting too much cash sit in bank
accounts right now. My brokerage offers decent interest on my money if I let it sit in my account their. Precious metals might not see huge returns,
but I think it's a smart play if you're worried about instability coming forward.
edit on 29-7-2020 by CriticalStinker because: (no reason