Chip stocks just suffered one of their ugliest stretches on record, and a political shift in Washington may be to blame. History offers a surprising clue about what happens next, but a November 17 earnings report could rewrite it.
8 months ago I moved 50% of my 457b money out of Amazon, meta, and Nvidia. I put it into Taiwan semiconductors, lithium and other minerals mining abroad. My ROI went from 21% to 10%, but hopefully I won’t be holding the bag when the bubble pops. Since taiwan makes custom chips for everyone else, I figure they will have income streams from non-AI industries and not be hit as hard. Along with the big push to renewable energy everywhere else, battery production and mineral production will probably be ok too.
Think of it like a 401k or Roth account for government workers. The tax rules are mostly the same, except when we leave government service, we can withdraw the money without penalty.
8 months ago I moved 50% of my 457b money out of Amazon, meta, and Nvidia. I put it into Taiwan semiconductors, lithium and other minerals mining abroad. My ROI went from 21% to 10%, but hopefully I won’t be holding the bag when the bubble pops. Since taiwan makes custom chips for everyone else, I figure they will have income streams from non-AI industries and not be hit as hard. Along with the big push to renewable energy everywhere else, battery production and mineral production will probably be ok too.
What is 457b money? You have 457 billion? Or it’s a name for some investment account?
Think of it like a 401k or Roth account for government workers. The tax rules are mostly the same, except when we leave government service, we can withdraw the money without penalty.
Oh, so like a RRSP kind of, but better.