TBD
To Be Destroyed
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Buyeu and buycanada are gaining momentum?
I wish, but that’s not it. It’s just reactions to the business world realizing Trump isn’t actually going to do good things for them basically
Yeah most likely.
I agree with the sentiment but I work in IT and yearn for when we will get rid of Microsoft, Amazon, and the tech giants.
My mother won’t buy anything American at the grocery store but uses Amazon and Facebook every day.
My coworkers won’t buy American products but use Windows, Teams, and Office every day.
I may be using Linux, open source software, and avoid American tech when possible, but I still use Google and Gmail.
At some point we may want to (or should) also extend that boycott to software and tech services. Have our governments, institutions and people not dependent on American corporations. It can only be good for our sovereignty anyway.
I asked in another thread about the possibility and likelihood of a sort of “digital embargo” where the states would order American companies like steam to halt service.
Forget not being able to get oranges or having to eat frozen veggies part of the year, this is somewhere that I can’t really change my buying habits and move on (my steam library can’t leave steam in this example)
I was questioning that myself.
So far digital goods haven’t been the subject of tariffs on either side.
It would also be hard to tariff successfully as it wouldn’t be difficult for Steam to setup something in another country’s Data center as "Steam International " to bypass any Tariffs.
Although this trade wars has prompted me to start buying games on GoG when that is an option.I’ve been choosing gog over steam since idk when, but some games gog didn’t have. And steam is actually fairly painless to use now compared to all the fights I had getting it to run for me 5+ years ago, so I do sometimes choose steam over gog if it’s a game I’m intending to play with family online, since it’s easy to invite them to a game through the chat.
I hear you there, Steams multiplayer infrastructure is top notch, I’ve seen a few games get significantly clunkier when they added cross play and moved away from Steam’s services.
Steams also the leader in getting games to run on Linux, although between the heroic launcher or running the offline installers through Lutris, GoG isn’t that bad anymore.
There goes my savings
All I see here is a bunch of companies that were massively over valued in the first place.
I sleep.
Big Tech always amplifies gyrations in the market. Hence, every single one of these stocks (except Microsoft, I just checked) is still beating the S&P 500 over 6 months, even with these drops. And Microsoft is still way up in the long term.
Look, I want meteors to hit them all, but huge swings are the norm for these now. Hotter stocks trade a lot like crypto these days.
its true if you zoom out 6mo to a year+ …most of these tech stocks etc are still way up. but panic in the market make “dumb money” sell. smart money buy cheap…
In the long run other countries are going to pivot away from American companies and likely ban facebook, x, etc.
Hotter stocks trade a lot like crypto these days.
Hum… That’s not a good sign.
Instead, that’s a really strong indication that people believe those stocks have the same kind of fundamentals than crypto.
It’s more an implicit acknowledgment that it’s all a game. Kind of like crypto, roulette, or poker.
Tech stocks are overvalued right now because they’re all inflated by AI hype. When that hype finally collapses the crash is going to be nasty.
Hotter stocks trade a lot like crypto these days.
It’s all the same casino.
Karma. Thats what’s goin down!
Where AMD, Nvidia and Intel!?
He did say he would be bringing prices down on day 1, just didn’t clarify he meant stock prices, not grocery prices.
They are still saying it is “normalizing”.
Yeah, right.
“Normalizing” = we dgaf what happens to everyone’s finances because we’re completely insulated from the effects.
Everything! 🔥
Line goes down, arrows go up.
Mundus sine caesaribus is what’s going down.
My 401k lol
Yup. Ouch.
Moved mine to 100% international allocations on the 4th, up like 3% since then, highly recommend
Shit, great idea… I should’ve realized that sooner.
whos cashing all this out? and are they paying taxes on it? like how does it work? can you just move your assets/ close out on positions and immediately shove them into some compounding interest account but still capture all the profit, with no capital gain tax?
I’m fairly certain until you put the money in your bank account and out of your brokerage account. You can do whatever the hell you want, but I also don’t trade like that.
It depends on whether you’re rich enough to not pay taxes.
Hopefully large institutions seeking stability.
Depends which country you live in. But in the US you’d still pay capital gains tax over it I reckon. Since it applies at the moment of the sale of an asset. Unless it’s a IRA or 401k then you pay income tax at withdrawal. Of course you pay the taxes end of year. So you can still put it in a savings account and receive interest on all the profits before you have to pay tax
If those stocks were held less than a year you pay income tax over all your short term trades total realized gains end of the year.
If it’s in a Roth, you don’t pay tax on trades.
IRAs and 401ks aren’t taxes until you withdraw the money (and Roth IRA/401ks aren’t taxed at withdraw cause contributions are taxed).
Yes. I know how taxes work. I have a Roth, 401k, 403b, and a “for fun” investing account.
You love to see it.
As of 1:00 PM EST, it’s down 12% on the day and dropping 🥰
As of 3:00 PM EST, it’s down over 15% on the day and in a bit of a further swing 😍
🍿🍾
I love it.
“Go woke, go broke”
Go fascist, go…broke-ish?
Go fash lose cash
There it is, much better, bravo!
