11–20 of 52 posts
If you read that article, you are a prime candidate to benefit from Bogleheads.org Check it out. You’ll learn the easy, certain, slow way to accumulate wealth. Your future self will be very happy.
And by "certain", you mean "not certain". The core tenet are index funds, and while for the average person, they're probably better than stock-picking, you're absolutely exposing yourself to market risk.
printing your currency to zero.
That's a way to bolster it, certainly. None of the listed companies are on the hook for US debt and they'll just relocate if the US becomes a liability. Their value isn't (greatly) at danger of collapse if the debt becomes overwhelming. There are also healthy ways to encourage economic growth, but those are too boring for the current moment.
Idk how people write posts like this anymore. Clearly the stock market isn't rational, and prices of stocks are not tied to financial fundamentals. Stocks are essentially a deflationary alternative currency that only people with disposable income can afford. The rich (and to a smaller extent, the middle class) take the currency which devalues every year (USD) and use it to buy the currency which increases in value ev…
I stopped buying stocks a few years ago. The moment there is a contraction of credit or circulating currency we will see a 1929 style crash. Not worth the risk anymore.
Earlier quoted context omitted.
That's a way to bolster it, certainly. None of the listed companies are on the hook for US debt and they'll just relocate if the US becomes a liability. Their value isn't (greatly) at danger of collapse if the debt becomes overwhelming. There are also healthy ways to encourage economic growth, but those are too boring for the current moment.
The US is the largest market for most US companies, so if consumer buying power is erased (e.g. through a treasury default or inflating our way out of the debt) those companies will drop substantially in value.
vibes
And we vote on vibes.
Idk how people write posts like this anymore. Clearly the stock market isn't rational, and prices of stocks are not tied to financial fundamentals. Stocks are essentially a deflationary alternative currency that only people with disposable income can afford. The rich (and to a smaller extent, the middle class) take the currency which devalues every year (USD) and use it to buy the currency which increases in value ev…
Stock prices are tied to anticipated future earnings, not past or present financials.
> only people with disposable income can afford
Anyone can invest in stocks with $100 or less. As for disposable income, anyone that can buy beer, drugs, or lottery tickets has disposable income that can be invested in stocks.
> part of the funnel that increases the wealth of the rich at the expense of the poor and middle class
Corporations make money by creating wealth, not "funneling" it from other people.
"...the slowing GDP growth rate in America..."
"...the slowing GDP growth rate in America..." What are they talking about? https://fred.stlouisfed.org/series/GDP