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The way I've been looking at this is that when The Big One happens and the average American loses their shirt via the crash of the giant ETFs, the naysayers who
by jghn 1y ago
The way I've been looking at this is that when The Big One happens and the average American loses their shirt via the crash of the giant ETFs, the naysayers who managed to have been invested in the things that don't crash will zig when everyone else is zagging.
However: between now and then they're likely underperforming as you point out. And when it happens most people who believe themselves to be ziggers will have chosen the wrong zig candidate.
I really really worry about the ETF world, but to do anything else puts me at even higher risk.
- BobaFloutist 1y agoAlso the longer you're in an underperforming hedge, the worse the crash has to be and the better your hedge has to perform to be worth it. You could be completely right about a recession/crash, but if you miss it by 5 years, your net outcome could still be worse than if you just sat and rode it out start to finish.