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90% plus of the "smartest people in the room" as well as the "smartest people I know"........thought they had lots of money in the run-up to 2008. Same went with 2000. I know computer programmers, folks with graduate business degrees and many others.....who thought the same.
It pays to reason that the vast majority of investors did not sell their holding before the downturns....
Are you claiming otherwise? That would be an unreasonable claim. Most of the IRA's and such things are not actively managed...
The only claim I'm making is no one makes someone invest and no one stops anyone from pulling their money out if they chose to do it.
One shoe size doesn't fit all investors.
I personally move money around from different accounts and take money out every year.
I knew people that left their accounts alone in 2008 and others that got out all along the way including at the bottom. The ones that left their accounts alone have done well and still are, if they are still in today. I knew two guys that were investing in housing and lost everything when the bottom dropped out.
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If what you claim was even 1/2 way true, the geniuses on Wall Street wouldn't have caused the Great Recession and lost vast sums themselves. After all, they are smart...right?
Looks like you are trying to assign a claim to me I never made. No idea why or what advantage there is in doing that but I'm not going to lose any sleep over it.
Its pretty clear to most people that those on Wall St. have advantages most induvial investors wouldn't have. Smart is using what a person has, and if they have less or more to start with, it doesn't make them smart or stupid.
but there is a bigger down leg coming the strong economy and GDP cant stay at its current pace indefinitely.
If we had a down leg like the link is talking about, that would make the upside breakout a false breakout that also was claimed as a possibility in a prior link. If the down leg started very soon.
We shall see.
That is, adjusted for inflation, wages are barely rising at all.
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