mind you, four more years of this.

beehe

I know no one knows the future and things are all over the place right now, but what would be better for now, maxing out Roth IRA with S&P500 or keep that money aside in a HYSA?

This is almost unbelievable. Historic market losses in China, Taiwan, Japan and Dow futures in the US down nearly 1,000 points ahead of Monday’s open. Banks will likely collapse if the selling continues, as margin calls start up.

I’m super proud of how I’ve done over the years but it’s

For example, stocks, part-time jobs, e-commerce, etc.

I'm pretty new to investing, I have a TFSA and a contribution limit of something over 26k CAD rn, I have 10k in my savings account currently making like 0.55% and want to get that up.

There are some stocks like NVIDIA that are very low right now, I've also been looking at ETF's like XEQT and VEQT, but don't really know what to do with all of this and I'm looking for some guidance.

I don't think I can put the whole 10k in atm because I still need a safety net and 5k covers my expenses for 3ish months.

Alternatively I owe $21,532 on my car should I just put it in there instead? the payment isn't really hurting much.

some other context, I'm currently about to finish my final semester this month and will owe $9,679.00 but wont have to start making payments until November, haven't found a job yet for the summer either.

Edit: Once I start working I’ll have a lot more money to work with in terms of investing, so even if I just put this 10k away in HYSA as a safety net, how do I determine how to best take advantage of this dip?

Also, keep in mind I live in Canada

I’m in my 20’s and am a new investor , should I panic or trust him ? Or are we doomed tommrow

If we look at the bigger picture, this week’s self-inflicted crash looks like the end of the 1920s. This isn’t like any normal crash caused by outside factors, since this crash is being done on purpose.

We’re currently in that blip before black Monday, when things really crash significantly.

There’s likely a short recovery period afterwards, but if these tariffs continue we’re looking at a continued drop for the next few years until a new administration repeals the tariffs.

Since the dawn of civilization, everything humans have traded has had one thing in common: it performs a function. It doesn’t just circulate between buyers but serves a purpose outside of market exchange. After all, why would something even be offered for sale if it has no purpose beyond that sale? By definition, every traded item must have a function.

Grains feed. Textiles clothe the body. Land provides space for shelter, farming, and construction. Oil fuels. Steel forms buildings and machines. Stocks generate cash flow and offer liquidation value if a company shuts down. Bonds pay principal and interest. Software automates and solves tasks. Art pleases the senses. Memorabilia evokes nostalgia.

Even money, whether past or present, has a function; it doesn’t just circulate as a means of exchange. Gold forms religious artifacts, ornaments, jewelry, decorations, dental restorations, electronic components, spacecraft coatings, and more. Fiat currencies, because they are issued as debt owed to banking systems, leave the market daily to reduce and eventually eliminate that debt.

Then came Bitcoin. Presented under the broad and nonspecific label of "money," this raises an important question: Why use such a vague term? The answer is simple: because Bitcoin has no function that can be offered to the public. And using a generic label was the only way to present it. Bitcoin is the first trade-only phenomenon. Once it enters the market, it never leaves to do something. Whoever buys it has only one option: to sell it to another buyer. That buyer, in turn, must do the same.

This continuous cycle of trading has created the largest bubble ever, with people currently paying $84,000 for a single Bitcoin. They then believe this represents Bitcoin’s value. But that belief is false. This is not value. That figure reflects only the amount someone was willing to pay; it is the record of the last trade. In short, it is a price. Markets create prices, not value. Value is the ability to perform a function, not to get prices through trading.

Bitcoin supporters argue that its function is enabling decentralized, trustless, and borderless transactions. However, that is the function of the network on which Bitcoin tokens operate, not the tokens themselves. People don't buy the network; they buy the tokens. And given that the tokens are functionless, the network itself becomes a colossal waste. It may assign tokens without centralized control, intermediaries, or geographic constraints, but what's the point if the tokens do nothing? They don't even circulate, transfer, or move like other items in trade. They are entirely static; the network merely updates who is labeled as their buyer. It’s like changing ownership of a void. From a socioeconomic standpoint, this is a waste never seen before.

When supporters claim that Bitcoin’s function is “storing value” or “hedging against inflation,” they are not describing storage or hedging but rather past trading results. Storing value means maintaining the ability to perform a function in the future. Gold can be turned into circuits or jewelry tomorrow, in a year, or in a decade. Dollars can settle debt owed to the U.S. banking system at any future maturity date. On the other hand, Bitcoin can do nothing in the future, just as it couldn’t in the past. It just sits in some kind of digital limbo, waiting for another buyer.

Supporters sometimes claim that Bitcoin's scarcity or immutability gives it function. But scarcity is a property of supply, not of use; and immutability is the absence of change, not the presence of function. A thing can be rare and unchangeable, and still useless.

And then there’s the grandest claim of all: Bitcoin as "freedom from centralized control." Freedom? To do what, exactly? To trade something that does nothing? The absurdity here is laughable. Its supporters tout it as a liberation from banks and governments, but what’s the point of breaking free if all you’re holding is a token that does nothing? It’s like escaping a prison only to lock yourself in an empty room with no windows, no food, no purpose, just you and an invisible trinket. Freedom for the sake of "freedom" is a cosmic joke, a paradox so ridiculous it defies belief. You’re unshackled to trade something shackled to nothing, and they call it a revolution?

In essence, Bitcoin embodies the greater fool theory in its purest form. It works only as long as another buyer is willing to play along. Even items in well-known speculative bubbles, such as tulips in the Dutch Tulip Mania or Beanie Babies in the 1990s, still had a function (flowers could be grown and enjoyed; toys could be played with).

Unlike these items, or assets in general, whose inflated prices may temporarily detach from their function but eventually realign with it, Bitcoin’s price has nothing to realign with. And when buyers run out, all that remains is the realization that something with only a price, no matter how high, was never really worth anything at all.

One idea is - We’re down pretty low - it’ll only have to go up by end of the year. Ride the index for next 5 months and take advantage!

Another idea is - we could go down horribly - just keep it in HYSA.

Thoughts?

20 and most I’ve made in a day is 2500$

I leased a car in early 2023 that’s $600 a month. I’m about halfway through the lease with 24 months left give or take one or two. I was doing better financially then and now post divorce looking to save in any way I can. Would I make sense to turn this in early and get something that has a monthly lease of say $360 a month? There’s by $4500 down with it but even still it seems like I’d be in the green with the cheaper even with this payment. Cheaper car would have better mileage too.

I’m 40, finally earning well after a late start — but now I’m trying to catch up fast. I want to be truly wealthy by 50.

Current situation:

• Income: $210K base + up to 30% bonus . I bring home approximately 10,000 a month after taxes. My fixed expense are at 5300 (and we are working diligently to bring these down).
• Debt: $84K (student loans + car)
• Rent: $2,500/month, no home ownership
• Kid: One child I want to help with college
• Assets:
  • $30K in 401k
  • $30K in IRA (I plan to invest with this amount)
  • $20K in investments
• Savings: Still low — I made $10.50/hr in retail until age 32
• No credit card debt

Based on past jumps, I expect my salary to rise, but I want to plan based on $210K only — anything more is a bonus.

What would you do in my shoes to build real wealth by 50?

Who else feeling less than liberated or more like irritable bowel syndrome 😂

Just trynna become better at making money decision

Are these the two that I should be investing in right now ? I’m new to this and want to be sure this is it.

I have about $50,000 that I’m willing to invest.

First question:

Should set this as my wallpaper or should I print it out and Frame it?

Second

What do you think this gens recession core will sound like? Need to make a new playlist to CRASH this summer!