It’s reaching a point where the US dollar isn’t as strong anymore.
Its the only thing holding me back from moving out of the US is that my pay would take a nosedive in another country. And I’m hoarding like a raccoon.
your pay would take a nosedive but your quality of life would improve significantly… nobody ever denies that US wages are higher than europe, canada, australia, etc… but money is a means to an end. people are far happier with less money throughout similarly developed countries
As a French citizen it drives me nuts. Yes, my take-home pay looks low from a US perspective. But my 6 years at college/university were free, my monthly hospital stay for a chronic illness costs me exactly nothing, having a kid cost me around 100€, the way-too-expensive daycare was 400€ a month, Internet is like 15 a month…
afaik just health care costs alone explain the entire difference… sure you can choose to go without health insurance… i guess that’s a kind of freedom
personally i prefer to make good choices that prevent future expense of all kinds without worrying about cost
If you’ve invested all of your savings in the SP500 (up 11% since January 20th) then you have just barely broken even. Remember that when you hear people talking about the stock market being at an all time high.
Surprisingly gold is up 63% in the same period.
I bought an ounce for grins at that time and just sold it for 60% gains.
Im not sure how gold can be up so high along with the stock market. Those two things should he inverse of each other.
Because the arock market has become completely detached from any actual economic indicators.
Wild guess, but perhaps some people see the economic writing on the wall and have moved their investments into gold?
Are stocks and gold are going up or is the dollar going down?
I would think normally they are static-ish inverse but during transition periods like now there would be pricing gaps for example as people flee dollar to go to gold, velocity on gold changes might be higher
6 month streak is a bit of a transition period. That’s 2 negative earning periods for Tesla and for some reason that stock keeps going up.
I moved 90% of my investments to Europe/Asia and saw a 12-15% increase since April.
even with the fees, I’m still making out ahead.
I know the train stops soon, but I’ll ride it until I can.
No, you’ve become poorer if you didn’t pivot your non-real assets out of the US. I’m beating inflation simply by having shifted to APAC and EU.
One of the problems showcased here is the continued USD-centric thinking.
The USD is no longer a safe bet. I pick the Euro for long term stability, tbh.
When you destroy your own economy to own the libs.
Did these fucking losers think owning the libs would be free?
Owning the libs looks like a bad investment. That shit’s expensive for the party of fiscal responsibility.
Wouldn’t it be awesome if the people went and citizens arrested his entire cabinet
Ha! I guess that just means I owe less.
