by Recyclersteve » Sat Feb 04, 2023 1:37 am
This is your typical fear mongering type article.
I wouldn’t use it as an excuse to avoid the stock market. Also, you shouldn’t be all in without the resources to double down. As an example, it would be really sad if silver went down to, say, $9 an ounce, and you didn’t have the money or the guts to buy more when it is on sale.
Also, it is always good to understand short selling and have that skill in your back pocket. Read my separate post titled “Anatomy of a Short Sale” from earlier this week for a real life example of how it worked for me this week in an OBVIOUS situation.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.