not going to move tech investments into bonds or treasuries it will be into gold. Already sold my NVIDIA into gold ETF for example. Gold has roughly done as well as my tech this year so its a sideways move with less future risk. A strong signal for me is how much of a bubble the individual tech stock has built into it. PLTR for example which I have a small position in is 80% YTD, i’ll be looking to exit that soon.
YOWSAAAA!! congrats
Let me tell you something you already know.
(Hopefully this will be a new and interesting angle).
On this chart (since late 1992)
The S&P (in red) beat gold (in gold)
over the long term.
.
.
.
.
On this chart (which starts later)
Gold won.
On this chart (which starts earlier)
Gold also won.
.
.
.
The point?
On Twitter and elsewhere you’ll see lots of advice and ads telling you
- “Gold is always better in the long term,” or
- “Stocks are always better in the long term.”
Neither one of those statements is true,
and
the only information you should take from such statements is
“Don’t listen to that guy anymore. He is not trustworthy.”
Agree with you there but in the 24 month horizon I’m going gold. Tech in the long term is still a good investment so if you are dollar cost averaging in a employer 401k then its fine to hold to a tech weighted index fund, will go back into it when whatever is going to happen in the macro happens, there is just more risk in the short term than I’m willing to take
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I’m somewhat close to this one. Office capacity in downtowns generally are in a bad place post-covid. For this building and a couple others in downtown Denver they were built in the '80s and are not competitive spaces compared to newer buildings for the remaining workers who still travel to downtown instead of WFH. On the $176 purchase it had $114M loan attached to it which went into default thus the sale. Whomever bought it will have to spend quite a bit to make it competitive.
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I think
telelcommuting is going to have a much bigger influence on the employment picture than most realize.
Almost every job a perosn can do telecommuting from suburban New York
can als be done telecommutng from suburban New Delhi.
At $6.80/ft they are going to be able to compete on price.
Picture a 3,000 sq ft home that was built in the 80s and still livable as is but too outdated. Now picture it selling for $20,400.
Unles the buyer impales hmself on a sword or something,
their rental prces will probably cause other tnenats to move in,
(Grok says those two towers combined = ~4% of Denver’s downtown high rise office space.)
The fall of Rome comes to mind.
the buyer bought two towers in that complex. He plans on converting one to residential which is a good use for it. A work space next to a residential space would be a draw.
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