Racket wrote:
agip wrote:
I'm really interested in emerging markets. They are handling the pandemic better, and with a falling dollar they should be able to manage their dollar-based loans better.
3 month returns:
VTI (US total market): +18.26%
VWO (Emerging markets); +24.5%
But longer term the US is doing better.
I keep seeing conflicting narratives on emerging markets so I'm staying out of it personally.
As for PRPL and why it's getting so popular - this is one of the goofiest recessions ever. Luxury and high end items are flying off the shelf. I'm really excited for some great books that should be coming out in 5-10 years by economists and policy makers that will have a better understanding than me.
I think higher income people aren't as affected in this recession at all. It's probably benefiting them more. Getting to work from home, getting same income, but no commuting expense or not as much eating out. So spending money on outdoor adventures like RVs, or camping things. Spending money on Peloton, nice mattress, or on new MacBook.
I can see mattresses as I think that's a thing that people will put off as it's a huge hassle to having to change out a mattress and also to pick the right one. However, since people are home, it's not a big of a hassle to wait for delivery and setting up their new bed.
It is crazy how much PRPL is going up though. I bought a lot at around $7.50. Sold half of my position at around $20 thinking that was a good move since I didn't think it'll still keep climbing. But I feel like now it's picking up even more as there are bunch of Reddit threads on PRPL so more people are jumping in.