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I'm not sure what the demographic is that comes to HackerNews, but anytime there is an investment article, I'm always shocked, because people some how become th
by chad_strategic 11y ago
I'm not sure what the demographic is that comes to HackerNews, but anytime there is an investment article, I'm always shocked, because people some how become the authority of investing. Yet I don't think many financial people come to the site.
Someone hears that Warren Buffet speak on CNBC, that you should invest in an index strategy. So let it be written, so let be bought. This keeps people warm at night, because Uncle Warren said something that you can understand.
Anybody that is critical of your buy an ETF strategy, is the enemy. But yet you reference a one line strategy and now you are genius! Where was your ETF strategy in 2008? Negative -36% return? How about early 2000? It would still be in the crapper hadn't Uncle Ben started printing money in 2009. But hey, you don't need to understand anything about interest rates, money supply, high frequency trading and or federal reserve, because at the end of the day you saw something on CNBC!
I'm more than happy to encourage buy more of your investment philosophy. Keep buying, buy the dip, buy when it goes up, buy when it goes down. Because the market is up ~250% since 2009 and it can only go up. Economic cycles those are a thing of the past, the market is only going to trend up, no inflation or deflation in sight. It's now clear you know what you doing! Your incredibly intelligent, successful, profitable, secret strategy. Remember not tell anyone, well because they might overcrowd the trade and reduce profitability.
Let us never forget "Ignorance is Strength"