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You think it will take 10 years? We have an entire generation of "investors" who think 20% annual returns are normal. When stonks went down last year they were
by brewdad 4y ago
You think it will take 10 years? We have an entire generation of "investors" who think 20% annual returns are normal. When stonks went down last year they were shocked but rather than reassessing their risk profiles, they doubled down and bought stocks "on sale" as if they can never go down again.
I can't predict the future and I would certainly prefer stocks continue to recover but I think there's a huge group of people who seem to think we are going to immediately return "to the moon". I have my doubts.
- chii 4y ago> rather than reassessing their risk profiles, they doubled down and bought stocks "on sale" as if they can never go down again. it's because they found out that they can afford to wait, esp. if they didn't borrow on margin to do it. But this is actually, imho, the correct way to invest (provided that you don't all-in on one stock).