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If you are really looking to avoid devaluation of your portfolio then you can switch to purchasing valuable minerals like gold and silver (or the ETFs that track them), or you can invest in insured CDs. These won't give you the big payout like stocks would, but they will never lose you money.
Just recently I sold off a lot of poor performing stocks and stocks of companies investing in AI and bought some gold and silver stocks as well as some CDs. I am not expecting to win with these - I just want to survive the inevitable market crash.
Obligatory warning, I am not a financial analyst and I will not be responsible for how you invest your money.
Dude, I have a huge CD collection, probably around 300-350. How rich am I?
It depends on how the devaluation occurs. If it's high inflation, then CDs screw you over in two ways; fixed rates and time locked.
I wouldn't define that as being screwed, but they certainly are disadvantages. Fixed rates can work in your favor under certain scenarios like how the government is currently reducing bond rates which causes everyone else to lower their APY. Fixed rates mean you aren't affected when the government decides to pay less.
If their is high inflation (higher than the CD), then CDs are bad. Your money is locked in and losing real value over time due to the CD rates not being high enough.
Thats why I said it depends on what you are trying to defend against. What's hard is the economy is teetering between recession->low interest rates and high inflation. It seems like the Fed has gotten inflation under relative control, but bond sell offs would probably trigger rising bond rates (as the US has to make bonds more appealing), which I fear could lead to inflationary pressure in the US. However, given Trump it's hard to know what he'll do next so maybe diversification is the only thing to do.
My gold etf is going through the roof rn
Can confirm. Gold stonks
How to I buy gold and silver stock?
You could buy something like that: IE00B4ND3602