My POV is that we are in uncharted economic waters
In the end, this is the simple truth. What would have happened had the US government created and distributed enough money during the Great Depression? Would that abort the Depression, or would we have an inflationary blowout, like Germany had in 1923? Probably, the latter.
By now, we are far more "sophisticated" - even experts disagree on what is going on. The gov doesn't "print" money anymore - it "borrows" money (which makes it sound more legit). The Fed doesn't create money either, you see - it creates bank reserves. Nice. But any way you call it, it's still enormous deficit spending. Running the country on borrowed funds.
About playing the markets... there is one gentleman on SI (whom I had the pleasure of meeting in person on a few occasions) who is a lot older that you or I, but he still trades steadily. He's been doing it since right after WWII. Member 7899034
Henry is a great guy. Possibly, the most experienced market player in the world.
As for me, I'm more like you. Spent the last few years looking for simplicity, but with a somewhat limited risk. Went from trading almost every day to doing it, for the most part, once a month - and even then, usually there are only very few changes. Sounds counterintuitive, but my experience confirms the findings of academic studies - with infrequent trading, over time the results are actually better, and... so is the quality of life. |
