3 ms·
I read this lat night. As I read it, I found myself wondering, "Okay, what am I supposed to do with this info? How am I supposed to act upon this guy's bearish
by korethr 8y ago
I read this lat night. As I read it, I found myself wondering, "Okay, what am I supposed to do with this info? How am I supposed to act upon this guy's bearish outlook and pretty charts?"
Somewhere in article, the point is made that one's paper wealth will be hit hard by the coming crash. My thought there is, "So what?". My present investments in securities are long term; I'm not planning on having to touch them for a few decades. In that time period, if the economy stays crashed for so hard so long that they make no gains over those decades, I'm very likely to have more pressing immediate problems that I won't have the time or energy to care about my securities investments.
I remember looking at graphs of the stock market and realizing that, while the 2008/2009 downturn would have been a terrifying time to begin investing, if I had begun investing then, and ridden out the cycle. I would have come out ahead. If today's market conditions are the boom of another boom/bust cycle, why would that not still be true?