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Aye, I've a friend who in recent months has moved most of their investments from the stock market to cash. Why? Because of the massive increase in people doing
by dev_north_east 7y ago
Aye, I've a friend who in recent months has moved most of their investments from the stock market to cash. Why? Because of the massive increase in people doing cocaine. I knows it's cliche about the correlation between that and an impending crash but still, seems extreme to actually put your life savings on it!
- tim333 7y agoThe market is also expensive by historic standards and you can make arguments that the expected return going forward is low or negative eg. https://www.gurufocus.com/stock-market-valuations.php https://www.gurufocus.com/stock-market-valuations.php
- dev_north_east 7y agoYes but people have been (rightly) saying this for years. And you'd have been mad to get out of it back then. I'm a passive investor guy. I can't call it and will continue my drip feed.
- snarf21 7y agoThe foreign cash repatriation was a one time deal and has kept this run going. We are also going to have to see more boomers continue to increase their withdrawals. I'm also worried about the long term effect of the "bonus depreciation" that was in the tax cuts.