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While it’s true that saying the general trend over the last 15,000 years has been upward, it’s a poor strategy to define micro-behaviour of 5,10,40 years (short
by malux85 4y ago
While it’s true that saying the general trend over the last 15,000 years has been upward, it’s a poor strategy to define micro-behaviour of 5,10,40 years (short, medium, long term financial horizons of a human lifespan) against such an enormous time period. It’s just stupid.
It’s better to examine the immediate temporal surroundings and exploit advantages that are likely to materialise in your lifetime - which may include market crashes (there have been 3 large ones in my lifetime) so that one can profit and survive though changes at this appropriate time scale.
Just saying 15,000 years is up, therefore always up, is a poor strategy that misses the nuance of reality
- 1270018080 4y agoWhat market crashes? Over a 40 year working career, pick any point in the stock market's existence and you're winning. Short term drops are a non issue if you're an investor.