2 ms·
> I want to be at an expert level of knowledge in predicting/understanding what feds, markets, rates are gonna do and why. What are you planning on doing with
by bigbillheck 5y ago
> I want to be at an expert level of knowledge in predicting/understanding what feds, markets, rates are gonna do and why.
What are you planning on doing with this? Investing?
You've got an opportunity cost here. You can either spend a lot of your surplus effort on learning macroëconomics in the hopes that it'll enable you to spend a lot of time in the future making investment decisions that might let you time the market a little better. Alternatively, you could just put your money in index funds and spend that effort on improving your standing in your current profession so as to make more money which you could then invest in those index funds.
Which one is going to give you the biggest return by the time you're old and ready to retire? What kind of life do you want to lead?