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Given no reliable alternatives, I don't see an option other than to bet my long term goals on long running trends.
by SketchySeaBeast 4y ago
Given no reliable alternatives, I don't see an option other than to bet my long term goals on long running trends.
- Jensson 4y agoYou cherry picked the companies though. Take the index for the top companies in some other country than USA and that investment no longer looks as secure. USA did great the past 100 years, many other countries didn't.
- throwaway5959 4y agoBuy VT instead. If thirty years from now the value of every meaningful company on Earth is inflation adjusted worth less than it is now, bullets and farm land would have been the only viable investment.
- SketchySeaBeast 4y agoOK, so I didn't make the original S&P market argument, I think they should go bigger and focus on globally diversified broad market funds, but, to get back to my original point, what's the alternative here?
- tmountain 4y agoThere isn't one. People love to spread doom and gloom without any real solutions. Real estate, gold, crypto, bonds, etc... are all either affected or soon to be affected by these economic conditions. Panic sellers will lose big and folks that don't have the means to weather the storm will suffer. Personally, I still believe in a well diversified portfolio being the best option (as do many), but the truth is, nobody really knows.
- est31 4y agoUsually those indexes are not as diversified as the US index is. Take German DAX for example. It's mostly made up by chemical, car and industrial companies. The post-war German economy did really great as well, but many leading German companies are private. Furthermore, the USA is one of the biggest economies in the world, way bigger than most single countries on their own.