Post by
deisman03 on Sep 05, 2023 10:42am
re etf follow up
Suebee, I hope your strategy works for you.
This is just IMHO of course but banks are the ''real'' canaries in the coal mines of finance, after institutions such as the World Bank and International Monetary Fund make their decisions.
Private capital is elusive when recession raises risk to the point it's predictable.
We're on that cusp right now.
I don't expect the people trying to control inflation to pull in their horns for at least another year unless something drastic occurs.
When the IMF and WB start to bleed, which they are, banks and other financials, including Lifecos and other types of Insurance institutions will follow.
So will all companies and investments that depend on margins to make money.
I'm not astute enough to make reliable predictions and in truth, I find a lot of the prospectus documents to be purposely confusing to the point of being deceptive.
I've found out the hard way that past performance should only be about a third of the consideration used to purchase an investment vehicle.
What happens to the banks will trickle down and happen to everything and almost everyone else, especially under present conditions which are being driven by Economists using that model to bring down inflation and redistribute wealth or suck it out of the economy to be frittered away on WOKE ideology.
I like what your doing and congratulate you on your win, please stay careful and nimble.
Now isn't the time to lock in any investment to a long term and then ignore it or the issues that will effect it.
GLTA the good folks here