This is a most excellent place for technology news and articles.
Yes, please. Yeah, they are gonna get bailed out, but:
So should I withdraw whatever i have in technology index funds, while I have the gains?
No, hang on until it's all worthless like geniuses did in 2008 listening to Cramer.
If you have a place to park it that will earn more or lose less, definitely. Putting into cash will lose at least 3% per year.
@P1nkman It depends. There is no universal answer.
About two months ago I read a very astute article about this circular, excessive financing in data centers and chips and thought, “here we go again.” Cashing out locks in your losses. That was my mistake in the last tech bubble. This one is set to be worse. This time around, I’m much more diversified and my personal answer is “no.” I moved about 10% of my tech funds into low-risk investments and the rest I will let ride. It may take years for recovery, but I can wait.
If you think you will need that money in the next few years, you might consider taking at least your profits now, maybe more. If your investments are in your retirement account then you also have to reckon your potential tax liability now versus later.
In theory you could short Microsoft, NVidia, etc. but the market can stay irrational longer than you can stay solvent, so even though those stock prices are a crack fueled fever dream, betting against them is likely gonna be a trip to the poor house. I saw someone on here recommend some funds that are mostly large cap, traditional companies (read, not big tech) and some bond funds. I was going to research his recs today and see if it would make sense to move some money out of the S&P 500 index fund that I lean on way too much (of couse, it would have been better if I considered this a week ago 🤦🏾).
Lemme see if I can dig up that post…
Hopefully this link works, I’m using Voyager and haven’t figured out how to link posts https://lemmy.world/comment/26583022
Damn, my retirement fund is gonna look like shit the next few years but It’s over 3 decades until I’m gonna touch that money so I guess I’m fine. Not sure I wanna try to time the market and put it all into bonds for the next 1-5 years until the actual burst shows up. (It’s 85% global index)
Good thing the majority of my regular savings is in bonds and high-yield saving accounts.
i mean with alphabet alone we're already half way there...
