I used to do this but I moved to a country where it no longer makes sense for tax reasons (dividends are taxed a lot which compounds a shit ton over years) so just getting a few ETFs and banking on long term market growth seems like the way here.
I will be really interested to see how this plays out just from the socio-economic stand point. The last time the market dipped this hard (March 2020, during COVID). I thought for sure that people would cut their spending and be cautious. It ended be being a huge spending boom, first of physical products and then travel once that was available again. I remember reading an analysis, that said that the American public spent its way out of a recession in 2020.
A lot of people ended up sitting at home for months on end, no spending money going out to eat or getting gas or going to events, etc... People also put off car purchases. Basically everyone who kept their job was just piling up money for months and months.
I sold digital entertainment software and remember this well. In the first month of COVID I made 1.5 years worth of normal revenue due to people just shifting their money from physical to digital. People just shifted their purchasing power, they never stopped. It's just that much harder to spend a ton of money digitally versus physical spending for most people.
The only thing good about all these tariffs is possibly reducing all the overproduction and overconsumption of garbage goods.
What, you don't have 10-20 games you bought on sale super cheap and haven't even installed them?
To be fair, sales get real cheap and there's a lot of "bundle" things for charity and the like that just make you end up with ~20-50 games you'll never touch.
Playing my unplayed games and finishing all my unfinished ones is what will get me through this economic downturn without needing to spend more on entertainment.
It is in fact, crazy. We've cutback going out to the more populous areas and been sticking with local neighborhood places.
I had to go to Shibuya on the weekend. Even in the rain they were everywhere like locusts.
Yes, and ive seen a lot of people recommending to skip the first few days cause its that crowded.
People here act like they've never lived in a big city before.
That's exactly the issue. The reasons we could spend so much during Covid were because online shopping was the only fun thing left to do, and there were still many fun, cheap deals on internet like cosmetics sets for a steal. Nowadays everything is unavailable, expensive and forget the fun bundles for an extra good price. Especially in the west, shopping is NOT fun anymore. The US failed at capitalism.
