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Originally Posted by vchan2177
Whatever.
FYI. I decided to short the market by buying shares of RYURX on my non-IRA Etrade account. This is because Jeffrey Gundlach has announced that he is shorting the market and Warren Buffet has increased his cash position.
The S&P500 is way too high in my opinion with the large unemployment applications and the shelter in place is causing some long term economic damage. I also read that Wuhan has opened their economy but people are still scared and there is no bounce in China's economy. Once USA opens up their economy I expect something similar. When investors realizes that we are in a recession, the market will decline. At that point, I will sell my shares of RYURX and make a profit.
I put money to back up what I believe in. This is how I missed the bear market by reallocating from 60/40 to 100% treasuries in 2019. VUSUX's 1st quarter 2020 return is +20% during the crash and I am one of the few people who is making money during this bear market with treasuries in my IRA. Treasuries were also recommended by Jeffrey Gundlach in 2019.
I am a gambler by nature and I do this to make my life more exciting. We will see what happens next.
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I for one wish you good luck with your moves in the market. Just remember, most of us are investors, not gamblers. That doesn't mean we are better, or smarter. It does mean we are likely more patient.