Quote:
Originally Posted by MZ DAIZY
I appreciate you’re opinion! I’m leaning toward “hell no” too. But if there’s one thing I’ve learned about the stock market and bubbles, is bulls and bears make money. Pigs get slaughtered.
What’s your reasoning. I really want to know.
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Not SeeThruHead, but here is my reasoning:
My philosophy in the stock market is to keep shoveling money into index funds while you're earning it and to keep transaction costs to a minimum. The number of investors who can beat average returns after transaction costs reliably in incredibly small. Chasing highs and lows is futile for almost everyone.
The bubble may pop or we may be approaching a new permanent baseline. Currently projected prices for new models when things get back to normal may be significant underestimates.
I'm going to keep driving mine as I don't have the patience (or life expectancy) to waste a year or two driving something I don't enjoy driving. Despite my wife starting to hint that I should trade for something with a grab handle for the passenger
