Lol, yea… I sold off a bunch of stuff before Trump’s tariff’s too. Guess what else, I also bought a few contracts of SPY when it dropped as a result. I’ve made a bunch of money off the Trump corruption. You can too.
It’s entirely fucked up that this is happening, but you’re a fool if you’re not taking advantage of the system that they’re manipulating right now.
General advice at this point, check the dumb shit he says on Truth social every once in a while, and consider buying really cheap SPY calls after the man-made dips.
What are SPY calls?
I’m super happy and excited that someone on Lemmy asked me! It’s buying a “call option” on SPY (which is an ETF of the S&P index - otherwise, it’s basically a way to invest in the “stock market” blindly). So when you break it down… it’s like saying "I can buy a lotto ticket that says “SPY will be > x as of y date” - If you’re not familiar with how the market works *(and I sure as hell wasn’t 2 years ago), if you buy an option, it’s a contract to buy 100 shares of a stock. If you buy 10 options, you’re basically on the hook to pay for 10x 100 shares of a stock; but here’s the kicker… when you buy options, as long as you sell your options contract before the expiration date, you don’t have to actually pay for the stock - so while your random ass gamble is becoming more and more likely; you can just sell off the profits you made to cash in before you’re shelling out $44k on stock.
Why wouldn’t they? Americans continue to allow it.