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While I do think the low global interest rates, national debts, general housing prizes, and, real valuable estate being hogged by hedge funds makes things signi
by moksly 6y ago
While I do think the low global interest rates, national debts, general housing prizes, and, real valuable estate being hogged by hedge funds makes things significantly different from the 2000, I don’t think middle class stock options have. Sure you have fewer options because of the things I mention, meaning the only place to keep minor wealth is in stock, but the danger isn’t different.
Diversify and put most of your money into boring industries like water and energy companies that aren’t stuck on a single type of fuel, and you’ll be alright.
People who shoot for the moon are playing the lottery and most of them are going to lose. It’s always been like that, and I don’t think that’s different now.
I’m much more worried about the inequality we’ve created. I’m a boring investor, and the worst stock I have from 2000 is Vestas, and it’s up around 900% since then. This isn’t take me to the moon money like the gamblers who get it right earn, but it’s 900% more than all the people who live pay check to pay check.