We took our lumps and started over at the age of 29. Yep… been there, done that. Young people are resilient.
Older folks may not be quite so resilient, but over time we’ve learned to be patient :)
There is a big difference, though, between the 70s-early 80s and now. Back then, we had a more self sufficient industrial manufacturing base - and we weren’t 10’s of trillions in debt. So, while the big picture may be in some way analogous, it’s potentially quite different.
We are seeing all the time - so far, thankfully, in other countries - how rates can go up practically to infinity - and currencies - to zero. Maybe it’s just me, but I’d avoid making serious bets on Treasuries - I think, at any interest rate - unless I have a good entry and a good place for a stop.
It could still happen that owning something that isn’t dollars may offer a better chance of making it through the confusing times.
Maybe it’s worth paying attention to good dividend payers in all sectors - and to the relative strength of sectors - and keep nibbling trial positions to see which ones begin to look like they mean business. Or, maybe your favorite strategy - selling expensive puts on big dips on stocks you like. Or, even the silly old dollar averaging approach - except, I have a hard time buying anything that’s moving down against the Dollar… g/ng |
