Munger warns of lost decade for investing (2021-2031)
Comments
-
And now I don't know what I fear moar: real inflation or the discipline hole. Can I reject bofe?HoustonHusky said:Lost decade will happen when the Fed quits printing money and organic growth is required to grow...as long as the printing presses are out the $$$ have to go somewhere. Will be volatile with some corrections but the overall trend won't stop...
-
This may be naive, but I don't think this will last too long. Each one of these little stimulus parties costs so much that even the politicians know they can't just keep doing it forever.DerekJohnson said:
We're being conditioned to receive checks from the government even if we're employed. This will prove destructive.HoustonHusky said:Lost decade will happen when the Fed quits printing money and organic growth is required to grow...as long as the printing presses are out the $$$ have to go somewhere. Will be volatile with some corrections but the overall trend won't stop...
-
Have you seen the people in DC? They just put a mentally ill person who was responsible for killing thousands of old people in Pennsylvania in charge as Assistant Secretary of Health. These aren't even average-IQ people making decisions.creepycoug said:
This may be naive, but I don't think this will last too long. Each one of these little stimulus parties costs so much that even the politicians know they can't just keep doing it forever.DerekJohnson said:
We're being conditioned to receive checks from the government even if we're employed. This will prove destructive.HoustonHusky said:Lost decade will happen when the Fed quits printing money and organic growth is required to grow...as long as the printing presses are out the $$$ have to go somewhere. Will be volatile with some corrections but the overall trend won't stop...
And of the $2 trillion in stimulus only a couple hundred billion will be for stimulus checks...its the cover to pay off the bankrupt states and doll money out to supporters. Which is just a bandaid that won't fix anything.
Politicians will only realize they can't do it anymore when the Fed can't control the interest rates any more...in a free functioning market it would have already happened but as long as the Fed can come in and print money who knows when reality will kick in.
-
A more depressing and realistic way to look at it...
-
Does that include the insane home equity growth? If yes, I am doing okay.HoustonHusky said:A more depressing and realistic way to look at it...
-
I divested all my international funds (except JD) in early 2020. I was reviewing my ten year returns and they were all in the low single digits, at best. Everything else was comfortably in the double digits, or better. I thought about the political realities the international markets play in and decided it was too speculative. So, Index funds are my new best friends. I think of it like this, these are the people that are paying the politicians, to make such seemingly stupid decisions (from a fee market POV, not necessarily a Wall St POV). Might as well get into bed with them.godawgst said:I have been in international growth and value for the last 10 plus years with pitiful and anemic results, waiting for when the US zigs it will zag narrative to come true.
Finally gave up the ghost at end of 2020 and moved it into S and P 500. Your all welcome for the dream decade overseas that will be coming your way. -
Sufficiently depressed. Selfishly, I guess the only remotely silver lining for me is this: I owe no debt, my kids are through college with no debt (the one in grad school is borrowing modestly as a liquidity measure for us, which I also hope will help come tax time now that she files as independent), I own my house outright, I own my property in Chelan outright, I have a stable job and I make good money ... nothing splashy by Seattle tech standards, but I do ok.HoustonHusky said:A more depressing and realistic way to look at it...
In a free-for-all, there might be some wealth advancing opportunities for me because I'm relatively liquid and I've done a decent job controlling overhead. Where it's tuff for a guy like me is when things are en fuego and it's hard to compete where I live. E.g., I'm going to lose on a bidding war for a house in Magnolia to some F5 asshole who's able and willing to severely overpay to get his way. I'm not like that from a philosophical standpoint, and I'm not going to out-cash him.
Anyway, I've talked myself off the ledge, but still depressed. -
Yeah, no. That's not how it works.HoustonHusky said:A more depressing and realistic way to look at it...
-
EITC = Earned Income Tax Credit. It's a way to top up the pay of people who are working but not paid very much instead of a Federal minimum wage of $15.
I should have been clearer in that one of my dads started an S&P 500 IRA for me when I was still waiting for my balls to drop. Dividend reinvestment (and the Feds Printing Presses) have been a great friend to me.
Instead of continuing to plow money into the S&P's stretched valuations, I started a Roth IRA late last year andinvestingplaying with house money by putting into international value and emerging market growth funds (SMIN was my first buy).
You can checkout more info at my sites swollenreturns.com and gonzoarbitrage.com. -
I still think that healthcare is such a ridiculous pit of scammery that I don't even know.
I've never been in this industry and the shitty clients that we have that are completely incompetent yet billing medicare for 10 times the value of the goods is sickening.
This one joker that was scamming medicare with the aid of a corrupt doctor tried to get me to backdate all the shipments to 2019 that went out in January. (He put in the order on new years Eve while I was watching the asu fsu shitfest at a bar)
Then stiffed us for 300k
Lol if you want a laugh google christopher parks medicare fraud
