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I have spoken with several people recently who tried to time the market by selling their equities, then lost out on these recent all-time-highs. I don’t know w

I have spoken with several people recently who tried to time the market by selling their equities, then lost out on these recent all-time-highs. I don’t know what the answers are and no one does. In my opinion there has been a global phenomena of easy money in various ways for a decade, and it has filtered out in all sorts ways, from the premium in equities, the absurd rise in housing prices, the art market, basically anything that can eat excess cash has been eating it. A crash and hangover is coming but it will primarily affect richer people though it will bleed out to the non-monied classes via job losses and retirement accounts falling in value. But when this will happen? It could be next year or in 50 years! The governments of the world have so many options to keep the party going.

quaquaqua1 7y ago
Yes I agree with you, it's been a very interesting decade where we went from "the sky is falling" to "let the good times roll"! However at least for me, my current earning potential in my job is not that high, and my cost of living therefore has been what I've sought to optimize instead of capital gains. For people who have lots of taxable income, lots of asset exposure, and a high cost of living, then a mixed bag of investments is definitely crucial to preventing those people from going bankrupt. But for me, as long as I find ways to continue to live healthy, have a good network of friends, a job, money in my main bank accounts in case I need to put up a security deposit or take an extended vacation, then I am very happy. I therefore would never want to keep $40,000 or something in a market account when I really do need all of that money at any time.