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The whole debate is about being too married to stocks and ignoring the wide wide universe of markets and asset classes. To anyone else, recognize that the citi
by rolltiide 7y ago
The whole debate is about being too married to stocks and ignoring the wide wide universe of markets and asset classes.
To anyone else, recognize that the citizenry is not limited to being passively investing in stocks, yet many of them are when they shouldn't be.
People in all the other markets say "buy the dip" arbitrarily too, and many of those markets are often inversely correlated to the stock market. So just repeating what your favorite investment guru once said does not give you any more insight than the next person.
- zone411 7y agoThat's true but what's also true is that we found out in 2008 that there is much more correlation between asset classes than you might think.
- rolltiide 7y ago2008 was a liquidity crisis and credit crunch so everything got margin called across asset classes, what’s great about 2020 is that hasn’t happened, yet. Great meaning the fireworks have yet to go off.
- zone411 7y agoRegardless of whether it happened or not, my point is still true. I made a chart for you with domestic stocks, emerging market stocks, gold, bonds, Bitcoin, treasuries and real estate: https://ibb.co/1LnG5Dv https://ibb.co/1LnG5Dv. They all fell.