I agree. We should all have public pensions. Leave the markets and the inherent risks to the rich who can afford to win or lose.
Yeah, let’s have massively bloated public pensions like Illinois, California, etc that are squeezing the life out of the state.
I’m not a fan of manipulated markets brought to us by .gov, but I’m definitely not a fan of the garbage public pension plans that been brought to by .gov.
I agree. We should all have public pensions. Leave the markets and the inherent risks to the rich who can afford to win or lose.
Yeah, let’s have massively bloated public pensions like Illinois, California, etc that are squeezing the life out of the state.
I’m not a fan of manipulated markets brought to us by .gov, but I’m definitely not a fan of the garbage public pension plans that been brought to by .gov.
See the pattern yet, commie?
Yeah, I see a pattern. Every time a huge company experiences losses, "we" bail them out.
LOL, oh what a great investment / retirement vehicle!
What are you defining as the "stock market"?
IVV (an S&P 500 eft) has averaged ~7% annualized return over the last 4 years, with a ~2% annualized dividend on top of that.
Don't overly glamorize equities anywhere in the world now.
I started buying IVV at a $115.xx and I have never sold a share of IVV, I don't feel like researching, I believe some time in 2011 so I am not anti-IVV but IVV along with most global equities are getting destroyed this year. IVV down 19.24% YTD. EFA down 24.76% YTD. This is the Conflict in Ukraine. Commodities started spiking in December, 2021. Equities, globally have been falling since on or about January 2nd, 2022.
U.S. and U.S' European partners have prevented a Russian victory but a Ukrainian victory is impossible and U.S. is doubling down. I've been doubling down on most indices. Good thing I have kids and grandkids. No guarantee I will be alive to see my doubling down efforts in IVV being successful.
As my Fortune 100 Company states: "past performance is not an indicator of future performance."
The stock market as an investment tool is no longer the same as it once was... it is beyond manipulated. I would not expect 11% returns on average for the future.
As my Fortune 100 Company states: "past performance is not an indicator of future performance."
The stock market as an investment tool is no longer the same as it once was... it is beyond manipulated. I would not expect 11% returns on average for the future.
We just finished a decade-long bull market that was crazy good. I’m all in!
LOL, oh what a great investment / retirement vehicle!
Look at bright side: I know over 10-15+ years the game with stocks will very be good…in short term stock market is a voting machine, long run it is a weighing machine….mortgages could’ve been refinanced and locked in under 3%…it’s not like you couldn’t make good moves these last couple years
crypto shtcoins on the other hand may be trading at zero in 10 years
I heard the same thing when BitCoin was at 60,000.
Many have said all along that crypto intrinsic value is zero. I started a thread telling everyone it was worthless last year. Even today It still trades at absurdly high values, but it is still worth zero because you can’t do anything with it..full stop. I wouldn’t even try to short it because it’s a totally rigged exchange of crooks where there are no securities laws
4 years from now you're going to regret not buying more when the Dow was only 30,000!
I heard the same thing when BitCoin was at 60,000.
diamondhands, were you also saying that when the Dow went from 29k down to 19k in 2020 which was the same level it was in 2016? Obviously it was super cheap at that time, so I went in with $60k and a year later had $90k (50% increase). Same thing now, it was at 36k about a year ago, it's highly likely it will be back to 36k in the next year or for sure two years, which would be 20% gain from today's price. The longest gap in the past 40 years that it has taken to reach the record high after a drop was 6 years, that's the most ever. So if we match the worst case scenario, then in 5 more years it will reach 36k again which would be a 4% return per year from right now. So a likely near worst case scenario equals a 4% gain every year, and a reasonably good case scenario is it goes up 20% in one year? Ya I'd be putting my money in right now, and I am.