Working stock research sales. Trying to become the next billionaire hedge fund manager. Ex-IFC Pres of a Pac 12 school. Enjoys beaches, golf, sunshine, happy hours, and his wife.
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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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
You’re a douche. PGP
All of the bios on the guys who work for Grandex are so cool.
The name and the comment sound like they belong to a deeply depressed individual
wow.
The one where Peyton just chunks the girls Gatorade. Too good.
Tax Code should be two lines long:
Corporations pay 15% of income
Individuals pay 20% of income
<img src="http://www.distractify.netdna-cdn.com/wp-content/uploads//2014/01//the-most-signature-tom-brady-gifs-the-high-five-fails-are-just-priceless-13.gif<img src="
Tom Brady
SDSU, a “solid” school?
“Claiming that the ’08 election was a gloriously historic day for America —”…Gloriously horrific day.
Nice work intern.