08-10-2021, 10:29 AM
Somewhat off topic but this zero interest rate thing is a double edged sword. It's probably responsible for the last 10-20% gain in our equity holdings. Imagine yourself a 70yr old retired woman. Your spouse just passed away and you have your SS, maybe half his pension, and that $100K you had in a CD that gave you a few hundred extra a month now gives you $20. It forces risk taking if you even know how to do it. You can buy the SPY at clearly high historical valuations just to get back half your former CD yield.