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Indeed: "This cost averaging accounts for periods of poorer returns. That is in fact the entire point of such an investment strategy." The goal of the "motivat
by dpflan 3y ago
Indeed: "This cost averaging accounts for periods of poorer returns. That is in fact the entire point of such an investment strategy."
The goal of the "motivated group" would be: retention or acquisition of power/influence? Usually that is highly correlated with having wealth. So is it a push to make people buy what they're selling (which is)?
Or is this a bitcoin (i.e. this moment's GOLD) push behind the scenes? (e.g. BlackRock's BTC ETF).
- potatolicious 3y agoMy read is this is pure political kvetching rather than astroturfing for some product. There's your usual WSJ implication that things are bad because our monetary policy is not austere enough. Then there's the vaguely classist complaining about how "young investors" don't know how to invest and ruined the stock market forever by dumping their stupid money into unprofitable companies (which is funny because these unprofitable companies have oodles of institutional investors and up until 18 months ago were VC darlings - but yes, it's the young people who are idiots) The fact that the author isn't hawking some kind of solution is IMO telling that this is just another "let's complain about the economy" piece that's meant make people believe things are terrible despite little compelling evidence of it. So yeah, it's a day that ends with a "Y" over there at the WSJ.
- dpflan 3y agoFor sure: look at the writer's article history on WSJ.