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No one knows. We all want to, but we really don't. I think a sensible strategy is to diversify. I have my assets and retirement split between the market(mix
by 01100011 6y ago
No one knows. We all want to, but we really don't.
I think a sensible strategy is to diversify. I have my assets and retirement split between the market(mix of VTI/VXUS/VOO for no apparent reason), cash, and commodities(VCMDX). I may buy back into gold if it dips down to around $1,500 (where I think it should be for no good reason). I have half of my potential wealth tied up in unvested RSUs of a large S&P500 corp so I feel fairly exposed to the market as it is. I plan to periodically rebalance as things grow and shrink over time.
If you want to get rich, I'd explore ways to start a business using the cheap credit available now. If I wasn't a software dev, I'd be looking into doing that for real estate and service businesses(small, specialized restaurants) in underserved areas where CA folks have decamped to during the pandemic. I still think(for no real reason) that the most profitable use of money(and even better, debt) is to run businesses.