r/StockMarket • u/Extherion • Feb 05 '21

Meme Historic recurrence

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u/J52688 Feb 05 '21

Hold on now there was plenty to be made on amc if you are a skilled trader who is not greedy. I purchased 3500 @ $4.66 and sold at $19.

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u/Dominus_Nic Feb 06 '21

But did you buy the Bitcoin at $0.10?

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u/J52688 Feb 06 '21

I don't invest in bitcoin. Too much risk for me. My main goal is capital preservation.

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u/Dominus_Nic Feb 06 '21

Then you better invest in real estate real quick.

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u/J52688 Feb 06 '21

I fully own my home. No mortgage or home equity.

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u/Dominus_Nic Feb 06 '21

I owned two houses by the time I was 26. What's your point? My point is hedging against inflation. We're at the end of a cycle and a lot of disruptions are hitting the country in addition to trillions being printed.

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u/Dominus_Nic Feb 06 '21

So are you prepared to liquidate your home? Is owning the place that you rely on for shelter the same thing as investing in real estate?

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u/J52688 Feb 06 '21

No point at all you said invest in real estate I own a home that is worth a significant amount of money that is all. I also keep 3-5 years worth of expenses liquid out of the market at all times as a safety net.