I've always held the philosophy of buy and hold, mostly sticking with mutual funds and just relying on time in market, ignoring swings. I've done well with that, some short term rental investments, and other diversification over the years. I'm an executive in my company, but an engineer and fully admit my grasp on finance and economics is amateurish at best.
I've been with a lot of tech company executive leadership in the last few weeks, many on the uberwealthy side, and the picture I'm seeing and hearing from them is ugly. I'm hearing big box stores destroying fully assembled tv inventory en masse that's sitting in Asia because it's cheaper than warehousing it and they don't expect it to move even at 80% off Black Friday deals, semi book-to-bill dropping rapidly on cancellations (TIs guidance on Q4 of a 12% drop was what I was expecting after these meetings), and energy costs for average consumers in Europe rising from 200 per month to 1200 per month destroying disposable income. Beyond that, speaking with some of these billionaires and seeing them look across the table and say, "you realize how bad this is going to get, right?" Is disconcerting.
I'm not one to panic, and if we go through a lost decade I'll be fine, but honestly that's what it's sounding like at times. I think we may just lose 2023, but see semis in particular rocket the economy out in 2024 with expanding innovation that's going on in that space. I'm biased though. I'm considering sidelining at least 50% of my investments until April or so, but where do you stash it with this high inflation?
I've been with a lot of tech company executive leadership in the last few weeks, many on the uberwealthy side, and the picture I'm seeing and hearing from them is ugly. I'm hearing big box stores destroying fully assembled tv inventory en masse that's sitting in Asia because it's cheaper than warehousing it and they don't expect it to move even at 80% off Black Friday deals, semi book-to-bill dropping rapidly on cancellations (TIs guidance on Q4 of a 12% drop was what I was expecting after these meetings), and energy costs for average consumers in Europe rising from 200 per month to 1200 per month destroying disposable income. Beyond that, speaking with some of these billionaires and seeing them look across the table and say, "you realize how bad this is going to get, right?" Is disconcerting.
I'm not one to panic, and if we go through a lost decade I'll be fine, but honestly that's what it's sounding like at times. I think we may just lose 2023, but see semis in particular rocket the economy out in 2024 with expanding innovation that's going on in that space. I'm biased though. I'm considering sidelining at least 50% of my investments until April or so, but where do you stash it with this high inflation?
