A recent post gradder, ex-IFC Pres of a Pac 12 school. Starting back on the bottom of the financial ladder. Enjoys golf, sunshine, and is desperately trying to get shit together
The stupidity in your comment is undeniably immense. I’ll do my best not to write a book on why you are wrong but here it goes.
1. Stock market is overpriced based on a few ratios. These ratios aren’t science, they are theory. As Peter Lynch, the renowned stockpicker for Fidelity Investments’ Magellan Fund once put it, “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” Shiller, who shared the Nobel prize in economics in 2013 for his study of asset prices, has cautioned that his ratio is a general barometer and not a precise signal for when to buy and sell. Every fall is followed by a rally. The majority of people can’t successfully decide when to get out or when to get in. Which is why America has missed out on the past 5 year’s rally.
2. We are not going into a deflationary period. The Fed has pumped $3 trillion into the market and held bond yields at historical lows. This means inflation has been around 1.6%, almost half of the traditional 3%. When the Fed’s raise the treasury rates, inflation raises with them. If anything we are going into a hyper inflation period. Best place to be when that happens, stocks.
3. The guy’s 29, not 59. There has never been a 20 year period in the US stock market that has returned negative. He could invest it and legitimately let it ride for 40 years. Average return of the S&P 500 is 10%. $50k invested in the S&P500 for 40 years at average returns is $2,262,962.78. This guy’s tinder page would look a lot more impressive with that number.
People like you are the reason (and example) that the majority of America knows absolute shit regarding financial literacy.
Let’s be honest. $100k liquid cash is a poor financial decision. Unless he’s spending $10k a month on living expenses and needs that much for an emergency fund, he should have at least half of that invested somewhere.
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I’ve got to say, this is 10x more interesting than the actual live reporting: http://www.theopen.com/LiveReporting
Who are the other 2? Why do they do this to me.
my mental state has me riding solo in more of a Jason Derulo-sense as opposed to a Don Draper-drunk-leisure-driving-to-avoid-my-wife-sense.
Lost it. haha
Seriously though, about Virginia Woolf…
This is true.
I’m going to be honest, I don’t think that many Post grads are going out. I haven’t gone out since Nam. #PGP
You guys start at $22,400? Where can I find an application?
I feel like we need a positive comment here.
Finally
Why were your shoes off?
Thanks
TOFTB?
The Lake is and always will be the perfect vacation spot.
I’m all about #TeamEngagement70inchTVs
The stupidity in your comment is undeniably immense. I’ll do my best not to write a book on why you are wrong but here it goes.
1. Stock market is overpriced based on a few ratios. These ratios aren’t science, they are theory. As Peter Lynch, the renowned stockpicker for Fidelity Investments’ Magellan Fund once put it, “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” Shiller, who shared the Nobel prize in economics in 2013 for his study of asset prices, has cautioned that his ratio is a general barometer and not a precise signal for when to buy and sell. Every fall is followed by a rally. The majority of people can’t successfully decide when to get out or when to get in. Which is why America has missed out on the past 5 year’s rally.
2. We are not going into a deflationary period. The Fed has pumped $3 trillion into the market and held bond yields at historical lows. This means inflation has been around 1.6%, almost half of the traditional 3%. When the Fed’s raise the treasury rates, inflation raises with them. If anything we are going into a hyper inflation period. Best place to be when that happens, stocks.
3. The guy’s 29, not 59. There has never been a 20 year period in the US stock market that has returned negative. He could invest it and legitimately let it ride for 40 years. Average return of the S&P 500 is 10%. $50k invested in the S&P500 for 40 years at average returns is $2,262,962.78. This guy’s tinder page would look a lot more impressive with that number.
People like you are the reason (and example) that the majority of America knows absolute shit regarding financial literacy.
Let’s be honest. $100k liquid cash is a poor financial decision. Unless he’s spending $10k a month on living expenses and needs that much for an emergency fund, he should have at least half of that invested somewhere.
“But don’t look down on me because I’m trying to get lit on a budget.” TKnoxM
Mean’s you suck. America wasn’t founded on faking work, America was founded on working your ass off. Fuck off you commy bitch
No helmets. #concussioncity