I'm not sure if I trust the S&P 500. There are much better ways to build indices than the one they've built.
People speak about "diversification" without truly understanding why they're diversifying or what the covariance of their portfolio is, and then just cite statistics about how "on average".
It's a lot harder to walk the walk when your entire portfolio has been underwater for 7 years without sign of coming back; loose money has prevented that but the grifts are starting to get to the end of their strings.
People speak about "diversification" without truly understanding why they're diversifying or what the covariance of their portfolio is, and then just cite statistics about how "on average".
It's a lot harder to walk the walk when your entire portfolio has been underwater for 7 years without sign of coming back; loose money has prevented that but the grifts are starting to get to the end of their strings.