3 ms·
It is easy to see it as "doing nothing" but the reality is your risked your money during a period of time which was very uncertain. Uncertainty = higher risk in
by HNfriend234 6y ago
It is easy to see it as "doing nothing" but the reality is your risked your money during a period of time which was very uncertain. Uncertainty = higher risk in terms of stocks.
The reality is you took a big risk and you got a big return because you kept your money in the market.
Eventually the stock market will crash and the imbalance will be corrected. People who are invested in risky stocks will likely be bankrupted as those companies fail. Likewise for people who used lots of leverage. Then the working class will be seen as smart because they made 50-100k from working while joe investor lost 500k in the market.
see dot com crash for an example
- nerdponx 6y agoI did not for one moment believe that my money was at significant risk, given that my investment time horizon is on the order of decades. The only circumstances I could imagine that would have caused me to lose a significant amount of money in 2020 were on the order of "global catastrophe resulting in widespread death and destruction", greater than what Covid appeared to be even at its worst. At such a point, the last thing on my mind would be the performance of my investment accounts. That's part of what bothers me about it. If I felt like I was actually taking a risk, I'd a lot feel more "entitled" to what I've received.