04-16-2021, 07:24 AM
(04-16-2021, 07:03 AM)fenders53 Wrote: Anyone age 45 should mostlly ignore this conversation. Anyone riding a port with a 2X beta will get thoughts and prayers from Divmenow and I eventually.For awhile now 2022 has been my concern. I see no immediate end to government juice.
2022 is when the real wall of worry starts, as the global economy will experience the vaccine boom that we got to enjoy second (after Israel).
Just think how upset we will be about how overvalued everything is in 2024.
The markets will make new highs for the majority of everyone’s lives. Most 20% corrections aren’t even noticeable on a 10yr chart. Human psychology ensures that we discount the overwhelming evidence that markets mostly go up, and overreact to the handful of times they don’t.
Pretty much everyone who held a diversified portfolio in 2001, 2008, and 2020, and didn’t sell low, is doing just fine today.
Not a suggestion to buy trash high yielders with poor balance sheets, or DASH, but pretty much everything in everyone’s portfolio here was criticized as overvalued at some point from 2010-2015. People now wish they had bought truckloads at those valuations.