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I remember the good old days when the soothsayers had to find a street corner to shout out their predictions to people passing by. Now we have the Internet and they can do it while sitting on a porcelain thrown.
I don't pay any of that any attention. I'm in it for the long haul. I actually have increased my investing with newly accessible cash flow after I recently paid off my house. I also have an extra 6 figures sitting in SPAXX till I decide on my investment strategy for those funds. The market seems frothy so I'm not rushing into things.
I'm up about 12% YTD in my brokerage being mostly in index funds and a few individual stock holdings. That's good enough for my get rich slowly strategy.
I remember the good old days when the soothsayers had to find a street corner to shout out their predictions to people passing by. Now we have the Internet and they can do it while sitting on a porcelain thrown.
I don't pay any of that any attention. I'm in it for the long haul. I actually have increased my investing with newly accessible cash flow after I recently paid off my house. I also have an extra 6 figures sitting in SPAXX till I decide on my investment strategy for those funds. The market seems frothy so I'm not rushing into things.
I'm up about 12% YTD in my brokerage being mostly in index funds and a few individual stock holdings. That's good enough for my get rich slowly strategy.
Your strategy is obviously working -- Kudo's and no argument from me -- my strategy is working for me, and I still don't like this market right now. I paid off my small house 10 years ago and have been basically putting the mortgage payment saved, into investments ever since.
My method would not work without my live-below-your-means lifestyle. I'd have no choice but to chase higher returns.
Last edited by BeerGeek40; 10-07-2023 at 07:07 AM..
I remember the good old days when the soothsayers had to find a street corner to shout out their predictions to people passing by. Now we have the Internet and they can do it while sitting on a porcelain thrown.
I don't pay any of that any attention. I'm in it for the long haul. I actually have increased my investing with newly accessible cash flow after I recently paid off my house. I also have an extra 6 figures sitting in SPAXX till I decide on my investment strategy for those funds. The market seems frothy so I'm not rushing into things.
I'm up about 12% YTD in my brokerage being mostly in index funds and a few individual stock holdings. That's good enough for my get rich slowly strategy.
You are getting around 5% on SPAXX only, without virtually any risk. That was unheard of until recently. I don't know what it all means, as things seem to be uncoupled. Why would we be getting 5% on 'cash' instruments and at the same time YTD stock market index funds are up. What does that mean? Shouldn't those things work in opposite directions?
Same with RE. Borrowing rates went up, but house prices somehow stay where they are, if not climbing.
None of that has anything to do with supply/demand or any 'healthy' economics.
assets do not have a see saw action to each other .
rates are up because inflation up …stocks are up because jobs are strong and spending not to shabby kerpingt the economy in good shape.
home demand in many areas has outstripped supply keeping real estate pretty firm
The company I do work for is a wholesaler in the electrical industry selling electrical supplies and lighting
The are having their biggest year ever
Well, when was the last time it was possible to get 5-6% on T bills and SPAXX was in that range, while stocks were going up?
from 1987 to 2003 markets averaged almost 14% cagr
i can go on and on
It’s a widely accepted myth that high interest rates is automatically negative for stocks.
The media perpetuates this myth daily with headlines pretty much every day the market moves down. “ fear of higher rates push stocks down……”
It’s so baked into people’s psyche it’s scary even in the face of historical data that debunks that myth.
It’s a widely accepted myth that high interest rates is automatically negative for stocks.
The media perpetuates this myth daily with headlines pretty much every day the market moves down. “ fear of higher rates push stocks down……”
It’s so baked into people’s psyche it’s scary even in the face of historical data that debunks that myth.
most americans that are uninformed buy in to the belief that assets some how see saw with each other as if bonds are supposed to go up when stocks go down or when rates rise stocks are supposed to fall .
assets react to the underlying economic conditions ,along with fear ,greed and future perception
they don’t react to what each other is doing reliably or sometimes at all
It’s a widely accepted myth that high interest rates is automatically negative for stocks.
The media perpetuates this myth daily with headlines pretty much every day the market moves down. “ fear of higher rates push stocks down……”
It’s so baked into people’s psyche it’s scary even in the face of historical data that debunks that myth.
I get that, but that is separate from the fact that if cash instruments yield 5%, you have an option to go there instead of stocks (compared to the situation where only stock gain anything meaningful).
I mean, shouldn't that pull money out of stocks and towards cash instruments? I know that enough has been printed and the whole stock market which is supposed to reflect the health of the economy (sarc.) but still...
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