this post was submitted on 26 Jul 2024
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Wallstreet Bets

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Fuck this.

I've lost thousands these past couple of weeks thanks to agent orange here who's been threatening Taiwan with all sorts of bullshit. This has affected the whole chip market, which in turn affected the EV market and other computer hardware manufacturers.

Already, the EV market wasn't doing so well due to lack of enthusiasm from consumers who can barely afford a shelter over their head, let alone a good damn electric car at the price they're selling them. This also affect the EV battery industry and everything related.

My ETFs we performing poorly already, so on to of this with the chip industry stocks tanking, I decided to sell everything.

Instead I'm going to invest in SAP which seems to be doing well and I think they announced they were going to enter the travel industry with a new platform? And their stocks are going strong.

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[–] possiblylinux127@lemmy.zip 3 points 4 months ago

That is very smart. I would sell any stocks in tech as the market it going to crash hard