12 Comments
User's avatar
Nieistnienie's avatar

I cashed out a year ago. My logic was that I’d rather miss out on a couple thousand in potential growth than lose my entire retirement savings. It’s like that saying, ‘our greatest hopes and our greatest fears are seldom realised’, but in this case I haven’t felt this spooked about the future since my childhood.

Joe Djemal's avatar

I think it's too late. From un-denial.com "One expert retired merchant mariner predicts at least 30 weeks to restart Hormuz after 30 days of closure.

Now ask your AI to revise its estimate assuming it takes 30 weeks to restart Hormuz operations.

It will answer that all material buffers in the global economy will deplete and the global economy will collapse before the end of 2026."

Followed by cascading systems failure and gigadeaths.

mfmatusky's avatar

There is an amazing lack of systems thinkers and systems thinking.

Nina V's avatar

I think some wants it to be catastrophic.

Two groups that sponsors Trump specifically: Fundamental right wing Christian groups wanting the rupture and Russian oriented Neo-nazis/brown-shirts. Trump’s fundamentalist friends want hell on earth to miraculously get heaven on earth, while Trump’s Russian friends wants to sell oil at incredible profits and easily have money to sustain the war “against the western threat”.

The first group tries to sacrifice Israel, the second more or less sacrifices global economy, United States’ and Europe’s cohesion and relevance.

Jeanne Elbe's avatar

The planet may be saved at a time we are now going to be harmed by darkness.

This clearly shows the world’s reliance on fossils was a mistake to continue .

Now we will pay and still be in the dark.

ostoja1939's avatar

cash out even if you have a low-risk roth IRA? doesn't seem to make sense. maybe if somebody owns major stocks and plays the investment game with serious money.

mfmatusky's avatar

Desalination plants: "They supply much of the region’s drinking water. Tonight, Iran appears to be walking back that threat, perhaps, but in the fog of war—who knows?"

Who would destroy these? Either "side", deliberately or accidently.

Kevin Donnellon's avatar

Israel would, then blame it on Iran

mfmatusky's avatar

That was actually the thought that initially prompted my comment.

Robot Bender's avatar

What happens if Trump attacks Iran's power plants and/or desalination plants? Iran carries out their threat. In that case, much of the Middle East would become virtually uninhabitable. Oil and gas shortages would be very long term. Mass migration to... where exactly? It would be a humanitarian disaster unparalleled in history.

At what point do countries start throwing nukes at each other?

Glen Lair's avatar

I am not a fan of this administration, what they are doing here in America and around the world. In general I am in agreement that they are despicable human beings. I appreciate that you are passionate about sharing your concerns with your readers to warn them about your worst fears. You are obviously an intelligent and well researched professional. However, holding yourself out as an investment advisor is misleading and irresponsible. You’re telling people to “cash out” without any insight as to where they might head for shelter. Yes, the fear index is very elevated right now. I agree but, a true investor advisor would rarely communicate in this manner. Please seek (competent) professional guidance - do not rely on this man’s personal opinion.

Lisa's avatar

When you say “cash out” you don’t mean dollars, right? Do you mean gold? I’ve been wanting to get entirely out of the market for a while but I don’t know what to go into instead. I’m mostly in gold right now and it’s crashing. 🤣