The advice that is sound for normal times may not work when unsound politics distort the market. As professional economists have noted: the U.S. dollar is falling in value (that accords with Trump’s policy). The stock market is falling. The value of treasuries (federal bonds) is falling. That suggests a possible (JP Morgan say 60% chance) of a recession. This makes GBP money market at 5% look good. Even Swiss franc money market at 0.2%. Safer hedges than keeping USD in the bank or a USD money market. Yes, there are attractive ETFs. The best choices may be MSCI world index and specific industry ones. My opinion after 50 years as an economist, diplomat and lawyer. Judge for yourself.
Hey Denis, I literally inject testosterone into myself every week, lol (I'm transgender, for those who don't know me). So I thought it was funny to think about testosterone in this context. I have gotten more confident, though I think it was less because of the injected testosterone, and more because of personal growth over the years. But yeah I agree that over-confidence is bad. Now I'm imagining two gay cave men husbands fighting it out. 🤣
Sorry that you got such a vitriolic comment! Some readers are just so miserable. Just the other day, a reader told me that my story was stupid and a waste of their time. XD But I've seen much worse comments before, sadly. They were probably just uncomfortable with what I wrote, and lashed out.
Thanks Sieran. Our stuff triggers them, and only they know why. Social media is the best place to lash out at others with no consequences. It’s just part of the game. Sigh.
Clearly the guy probably didn't read the disclaimer you put there. Or maybe he was just reacting to a bad decision that's haunting him. Perhaps your post reminded him of it and that's why he was triggered.
The advice that is sound for normal times may not work when unsound politics distort the market. As professional economists have noted: the U.S. dollar is falling in value (that accords with Trump’s policy). The stock market is falling. The value of treasuries (federal bonds) is falling. That suggests a possible (JP Morgan say 60% chance) of a recession. This makes GBP money market at 5% look good. Even Swiss franc money market at 0.2%. Safer hedges than keeping USD in the bank or a USD money market. Yes, there are attractive ETFs. The best choices may be MSCI world index and specific industry ones. My opinion after 50 years as an economist, diplomat and lawyer. Judge for yourself.
I absolutely love MSCI world and UK Cash at the moment too!
Glad to hear you’re invested!
Got it, Andrew. Thank you.
The above was written at Stamford Bridge while watching the Chelsea-Everton match. Excuse any typos.
this is a great post, not only on investment psychology, but also on substack author psychology. Very well written and keep up the good work!
Thank you so much, Rohit!
Hey Denis, I literally inject testosterone into myself every week, lol (I'm transgender, for those who don't know me). So I thought it was funny to think about testosterone in this context. I have gotten more confident, though I think it was less because of the injected testosterone, and more because of personal growth over the years. But yeah I agree that over-confidence is bad. Now I'm imagining two gay cave men husbands fighting it out. 🤣
Sorry that you got such a vitriolic comment! Some readers are just so miserable. Just the other day, a reader told me that my story was stupid and a waste of their time. XD But I've seen much worse comments before, sadly. They were probably just uncomfortable with what I wrote, and lashed out.
Thanks Sieran. Our stuff triggers them, and only they know why. Social media is the best place to lash out at others with no consequences. It’s just part of the game. Sigh.
Clearly the guy probably didn't read the disclaimer you put there. Or maybe he was just reacting to a bad decision that's haunting him. Perhaps your post reminded him of it and that's why he was triggered.
Right, Sompa, who knows? One thing is clear - he doesn’t have himself under control.