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I’ve been in the bull market the entire time and in real terms I’m poorer because the dollar has become Monopoly money.
Why don't you go ahead and convert your net worth to USD cash, and put that cash on a street corner in any country on earth. We'll see how interested people are in "Monopoly" money
First, I'm a little aggravated that people let PermaB hijack this thread like he has done with numerous other threads on CD. The best policy with regards to him is just to ignore him.
Back on subject, last year there was considerable interest that the stock market would go down because of the Trump presidency. That didn't happen. Now, there is discussion that a recession could happen in 2018/19 based on my watching of Bloomberg. It's not the prevalent discussion on Bloomberg but it does come up once and while.
As others have mentioned, most have missed out on this bull market which probably started in 2010/11 based on the graphs and figures I've seen. Back in 2010/11, a lot of people were still out of work and trying to get into the workplace and begin starting their lives. Stagnant wages, lack of disposable income, rising housing costs, student loans, unattractive job prospects, lack of financial literacy and resources are all factors of reasons why people might have missed out on this bull market in stocks just like people missed out on the RE market in this time period.
This bull market has been exceptional for me. I started investing in 2009 when I got my first real job after graduate school and postdoc, just before I bought my house. Since then I have invested roughly half of a (15 year)mortgage payment every month. While my house is only half paid off, my investments are worth twice the total value (not equity) of my house. Very lucky to be paying 2.625% annual interest while earning 10%+.
This bull market has been exceptional for me. I started investing in 2009 when I got my first real job after graduate school and postdoc, just before I bought my house. Since then I have invested roughly half of a (15 year)mortgage payment every month. While my house is only half paid off, my investments are worth twice the total value (not equity) of my house. Very lucky to be paying 2.625% annual interest while earning 10%+.
Many people don't realize the importance of the serendipity of timing when it comes to equity investment.
I was lucky too, starting with my first substantial investing in 1982, secondary to my earning power just cranking up.
I started investing in a index fund so I am making money off this bull market.I am a millennial.I also had stock before the bull market started.I invest every month.The stock market will crash at some point.Never try to time the market.
...last year there was considerable interest that the stock market would go down because of the Trump presidency. That didn't happen. Now, there is discussion that a recession could happen in 2018/19 based on my watching of Bloomberg. ...
As others have mentioned, most have missed out on this bull market which probably started in 2010/11 based on the graphs and figures ...
This is precisely why I keep beating the drum, shouting that theoretical understanding of economics and markets - even if thorough and correct! - has no epistemic value in actual practical investment-decisions.
I too was convinced that a Trump presidency would be murder on the stock market, but being a phlegmatic and neurotic hand-wringer, I took no action. I sold nothing and did no rebalancing. This passivity was rewarded. It was neither wisdom, nor fortitude, but sheer bovine stultification.
Likewise with head-and-shoulders, candlestick patterns, MACD, whatever. What say the donkey's entrails? Who shall inherit the throne of Sennacherib? Are the celestial omens just right, for our tribe to attack the enemy? Must Iphigenia die, and how shall we trick her into coming willingly?
I haven't totally missed it but I've missed out a lot of the gains by having a good chunk in bonds. Why? Because I was always afraid of the market crashing. Whenever bond yields rose slightly, I'd buy MORE bonds!
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