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Culture War Roundup for the week of November 11, 2024

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I'm KICKING myself that I didn't think to slide more money into $TSLA in the leadup to the election.

It was obvious that a Trump win would benefit Elon directly and bounce Tesla higher. It's up over 40% since the election.

I didn't even do anything different, because I'm not a reactionary investor. I just let everything I normally do ride. Granted, I have significant holdings of BTC, COIN and NVDA, and BTC and COIN seem to be directly benefiting from Trump optimism. But even my safer index funds and blue chip stocks have done fantastic this week.

I had money on Ted Cruz winning, and I otherwise decided to let things ride, which has paid off too thus far.

But I'm also selling off the last of my Crypto holdings for the time being because I STRONGLY suspect the current leap is overoptimistic, and it'll correct by or before January. For reference, I originally bought a (small) position in Bitcoin in 2014.

Ultimately yeah. I avoid reacting to any one event. But there are still times when I wish I had been bolder on certain moves.

It's hard to imagine an administration as hostile to Crypto as the Biden admin with Gary Gensler. Trump could follow through on zero of his promises, and shit canning Gary would still be an enormous boon for crypto.

It still suffers from the problem of not having much you can do with it aside store it for the long term.

And ultimately that's why I'm pulling out, I got other things I want to do with the money.