11–20 of 117 posts
Earlier quoted context omitted.
Please show on the S&P 500 graph where buying to sell now hasn’t been a great opportunity in the last 100 years minus the last twelve months.
You are correct, but that doesn't mean this will hold true forever.
Earlier quoted context omitted.
Please show on the S&P 500 graph where buying to sell now hasn’t been a great opportunity in the last 100 years minus the last twelve months.
Main difference is that the past 10 years everyone and their mom parroted the mantra "buy index funds, it is the best place to put all your savings". That wasn't the case before, today index funds makes up a larger share of investors than ever before in history so we have never seen what an economic crash looks like when everyone invests in index funds. Maybe it wont be bad, but maybe this will be the biggest crash e…
Earlier quoted context omitted.
You are correct, but that doesn't mean this will hold true forever.
Given no reliable alternatives, I don't see an option other than to bet my long term goals on long running trends.
Earlier quoted context omitted.
Please show on the S&P 500 graph where buying to sell now hasn’t been a great opportunity in the last 100 years minus the last twelve months.
Main difference is that the past 10 years everyone and their mom parroted the mantra "buy index funds, it is the best place to put all your savings". That wasn't the case before, today index funds makes up a larger share of investors than ever before in history so we have never seen what an economic crash looks like when everyone invests in index funds. Maybe it wont be bad, but maybe this will be the biggest crash e…
Just for context, while they have grown index funds only make up 10% of the market according to vanguard[1].
[1] https://www.vanguard.ca/documents/truth-about-indexing-en.pd...
Oh, this is just the beginning. Ten years of “oh, just buy index funds” strategy will unwind with a huge snap.
Earlier quoted context omitted.
Main difference is that the past 10 years everyone and their mom parroted the mantra "buy index funds, it is the best place to put all your savings". That wasn't the case before, today index funds makes up a larger share of investors than ever before in history so we have never seen what an economic crash looks like when everyone invests in index funds. Maybe it wont be bad, but maybe this will be the biggest crash e…
Index funds just automated prior portfolio advice. Are you suggesting that the previous portfolio advice was bad, the efficiency of the automation will cause more correlated crashing or something else?
Earlier quoted context omitted.
Given no reliable alternatives, I don't see an option other than to bet my long term goals on long running trends.
You cherry picked the companies though. Take the index for the top companies in some other country than USA and that investment no longer looks as secure. USA did great the past 100 years, many other countries didn't.
I actually feel really prepared for this one. 2007 made me nervous, but not this one. I feel secure in my employment and I finally have a real emergency fund even if I lose my job. I'm not optimistic about long term though. The infinite growth delusion seems like it will break in my lifetime, retirement is scary
Too young to understand what happened in the 2008 GFC but I doubt the 'feeling prepared' part works like this. First of all, the recessions tend to last longer than most people expect/plan for. Statistically, it will turn out their 'secure' jobs will be less 'secure' than expected. Meanwhile their emergency funds will start shrinking (slowly at first, then all at once) due to loss of purchasing power & eventual job l…
I have no debt, a fully paid off house, and plenty of cash which has left me feeling confident about any upcoming recession.
Could I get fired from my well-paying job tomorrow, the recession lasts for 5 years, and the food supply runs out so we all starve to death? Sure, but it’s probably not worth calling out.
I was in college during the 2008 recession and fully supporting myself. I was able to get by with less than I have now because I didn’t have a ton of debt.
I actually feel really prepared for this one. 2007 made me nervous, but not this one. I feel secure in my employment and I finally have a real emergency fund even if I lose my job. I'm not optimistic about long term though. The infinite growth delusion seems like it will break in my lifetime, retirement is scary
Growth can continue indefinitely, but we will hit limiting factors relating to how we structured our economy.
I actually feel really prepared for this one. 2007 made me nervous, but not this one. I feel secure in my employment and I finally have a real emergency fund even if I lose my job. I'm not optimistic about long term though. The infinite growth delusion seems like it will break in my lifetime, retirement is scary
Take physical wealth and move somewhere else if a really bad one happens.