Sally Vix wrote:
Ghost of Igloi wrote:
Sally,
It is a valuation question not a tank question. Of course you can believe the price you pay for the market is disconnected from an investor’s return. That is historically incorrect. Hey it’s your money do what you wish.
You ask a question. Not only did I give you an answer, I provided data to support my answer.
Believe what you wish..
Igy
One thing you don't figure in to the equation is the trillions of dollars sitting outside the markets waiting to be invested. No other investment gives you a 10% return year after year. Investors want to get in on the 10% return rather than CDs which are providing a 1% return or less.
Sally,
No offense, but that paragraph is nonsense. The same amount of dollars that was out of the market on 9/20/2018 at the high was on the “sidelines” on 12/24/2018 at the recent low. I already showed you the nearly 19 year return is far less than you quote. If you would rather model the 130 year number keep in mind you will likely not live that long.
In regards to CDs my view is a laddered CD portfolio will deliver superior returns to stocks in 2019, just like 2018. That is not a long term position. I am not anti-stock, it is just an opinion on where we are today.
Now if you want to talk facts it took $4.5 Trillion in QE, 0-0.25% interest rates and a tax cut we can’t afford to get the market where we are today. If that gives you confidence in your investment future may God be with you.
Igy