I think I'm biased to the Buy & Hold, dollar cost average "investing" I learned in the mid 90's watching CNBC. As much as I want to speculate in today's markets, I have no faith in this fiat Beast system, and after the Canadian Trucker protests, hoarding PM's and pivoting fiat into real hard physical assets, which I began doing in the summer of 2019 (JUST in Time!!!), works for me, and feels right, natural in my gut instincts. I'm in the Doug Casey school of trying to get as much to the other side of this madness as possible.
I'm too spastic in my interests currently, to dedicate myself to full time investing or speculating. But I'm learning a lot from you Alex, and I look forward to reading your free books. Many thanks as always!
Cheers Anthony, buy & hold is a good way to go, except: we are at 200-year peak valuation levels. If we go into a real bear market, there's a lot of risk on the downside. Worse, real bear markets can take decades to fully recover. We can't know - 200-year peak valuations does not guarantee that valuations won't double or quintuple from here (think Venezuela, Zimbabwe, Weimar republic, Argentina, etc.), but IF we go into a bear market, the reckoning will be brutal.
You pretty much summarized my fears regarding Buy & Hold! At this stage in my life (52) I'm not looking to recover from another big market draw down, been there done that. Thanks Alex!
No, what I meant by bear market was more like the Nikkei after 1980s bubble (lost 82%, STILL hasn't recovered 34 years on) or the 1929 US bust (-86%, 26 years to recovery).
OOPS! Well I certainly AM Not interested in Peak Nikkei or 1929 bubble recovery, those take Decades, and in the Nikkei's case several Generations of wealth have been and remain destroyed.
Funny thing, after Jan 2nd down day in stonks many a pundit in the US was ready to throw out Baby w/bath water. I hate to contemplate a 1929 or 90's Nikkei crash today w/all our social media, internet, and such. Things are going to get very Interesting! Thanks Alex!
I think I'm biased to the Buy & Hold, dollar cost average "investing" I learned in the mid 90's watching CNBC. As much as I want to speculate in today's markets, I have no faith in this fiat Beast system, and after the Canadian Trucker protests, hoarding PM's and pivoting fiat into real hard physical assets, which I began doing in the summer of 2019 (JUST in Time!!!), works for me, and feels right, natural in my gut instincts. I'm in the Doug Casey school of trying to get as much to the other side of this madness as possible.
I'm too spastic in my interests currently, to dedicate myself to full time investing or speculating. But I'm learning a lot from you Alex, and I look forward to reading your free books. Many thanks as always!
Cheers Anthony, buy & hold is a good way to go, except: we are at 200-year peak valuation levels. If we go into a real bear market, there's a lot of risk on the downside. Worse, real bear markets can take decades to fully recover. We can't know - 200-year peak valuations does not guarantee that valuations won't double or quintuple from here (think Venezuela, Zimbabwe, Weimar republic, Argentina, etc.), but IF we go into a bear market, the reckoning will be brutal.
You pretty much summarized my fears regarding Buy & Hold! At this stage in my life (52) I'm not looking to recover from another big market draw down, been there done that. Thanks Alex!
No, what I meant by bear market was more like the Nikkei after 1980s bubble (lost 82%, STILL hasn't recovered 34 years on) or the 1929 US bust (-86%, 26 years to recovery).
OOPS! Well I certainly AM Not interested in Peak Nikkei or 1929 bubble recovery, those take Decades, and in the Nikkei's case several Generations of wealth have been and remain destroyed.
Funny thing, after Jan 2nd down day in stonks many a pundit in the US was ready to throw out Baby w/bath water. I hate to contemplate a 1929 or 90's Nikkei crash today w/all our social media, internet, and such. Things are going to get very Interesting! Thanks Alex!