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naraburns  nihil supernum  1yr ago (text post)   Edited 1yr ago   2369 thread views

Friday Fun Thread for October 7, 2022

Be advised; this thread is not for serious in depth discussion of weighty topics (we have a link for that), this thread is not for anything Culture War related. This thread is for Fun. You got jokes? Share 'em. You got silly questions? Ask 'em.

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How are everyone’s stocks doing? Market was obviously overvalued, but I thought the fed would be even more anemic than it has been, so inflation would devalue it, not straight-up losses. I tried to crash-proof my portfolio with gold miners, but they’re the worst of a bad bunch. You’d think with the inflation and gold’s historical reputation, it wouldn’t move 1-to-1 with the stock market (or the printer, same thing). But it’s not a loss until you sell, so in for a penny, in for a doubloon.

Fortunately, the oil stocks I bought during covid have been keeping my head above water. Now I’m just waiting for spy to go lower to I can lever it to hell, either through leaps or 3x etfs .

And thanks to the guy on here who recommended tobacco based on historical overperformance, that’s been good. I’ll crash-proof it to the (black) gills with cancer next time (it’s okay, I used to smoke).

I've written off my stocks as a loss. Doubt I'll be able to do anything with them any time soon.

You still have access, right? Just -50% loss. Do you own western stocks too? Can you buy and sell those? Would you get them if you left the country?

I own only western stocks, and I am unable to sell them, since my broker is sanctioned.

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