re: Would you enter the market now?

Laugh all you want to but people my age and younger are quiet quitting the stock market and see how it goes without new suckers putting money in long term. If only there was a way to quit paying social security (since we’ll never get any of that money back either)

And we loop around to the appeal to expertise where the most prudent thing for me to do is “trust the financial advisor” and let the Edward Jones man or vanguard ding me with fees so I can hopefully pull 3% a year except for the every 3 years the market drops 20%

Thank you baw

I understand the other side of the argument though. The Dow went up like 30000% between 1970 to now, why wouldn’t it keep going? The dows gonna be at 500k in 15 years right?

But we all gotta admit the rocket ship kinda sputtered out when millenials got into their useful investing years, adding to the distrust

The best market in history was February 8, 2021. We had GameStop and the ancient tiger picks rolling. Ben bernanke refers to this period as “white boy summer”

It all crashed on February 9th. That’s when the market realized trump wasn’t gonna take back the White House.


ETA: it’s been fema camp fall/white boy winter ever since

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wut GameStop was a situation that was stunningly easy to avoid.

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Avoid? That was literally the only good thing to happen financially to most of the people I told about it in their entire lives

I tried to get y’all in at 8 and y’all made fun of me

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The best market in history was February 8, 2021.

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That's NOT a market. It's a series of trades involving manipulation of a single speculative stock.

And even that is NOT the "best in history."

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Ben bernanke refers to this period as “white boy summer”

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A search of the internet shows Ben Bernanke never said the words "white boy summer" about the GameStop manipulation or anything else, anytime, anywhere. If he had there would have been an unbelievable uproar by the usual woke suspects.

Perhaps you're confusing Bernanke with Tom Hanks rapper son who included the lyrics "white boy summer" in one of his rap "songs."

You really need to stop making shite up and go back to posting your garbage on the O-T Lounge.

I bought stocks yesterday so yes.

This is going a bit off the rails and you seem really worked up over this. You're also veering into "those dumb millenials and Gen Z wasting money on avocado toast" territory.

All i'm stating is that it's a verifiable truth that the newer generations aren't showing an eagerness to participate in the market like everyone has over the last 100 years, and that certainly is going to have an impact, possibly a bad one.

Wasn't trying to quote anyone, but the mantra of the the market always recovers and goes up is open to question if the next 40 years of people entering earning age aren't participating at close to the same rate.

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Maybe millennials would have more investable funds if they stopped buying the latest $1,100 iPhone every time a new model is announced. Instead they want to sit around complaining about how bad their lives are.

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If they just wouldn't buy that damned iPhone once a year, in thirty years or so, they would have a decent down payment on a starter home if they didn't save a dollar of it for retirement!

Jokes about old men yelling at clouds aside, people get way too worked up about relatively short term market movement. This is a quick and dirty snapshot of the S&P over the last decade, with a hand drawn, unscientific average line from 2013 until about 2/3 of the way through 2019, continued through the next three years after that point:



My intention is to illustrate that everyone wants to fixate on the "crash", but if you just ignored both the rise and fall over the last few years and just looked at it as an average path, I think everyone would have been happy with the market being above that average slope point. But because of the skyrocket and crash, everyone wants to pretend like the financial world is ending. Just keep plugging away and shite is going to work out just fine.

Whatever you do, don't listen to El Goucho!

You should get in. Split your money into 3 buckets. Some short-term, medium-term, and long-term. The stock market is the latter two for many. Buy low-cost index fund ETFs. The S&P 500, Russell 1000, and Russell 2000 are good options.