B
Betty Baguette
Guest
Sadly, I don't think that this is true. Look at the US in the early 20th century and the current "economic stars" of the developing world. A "healthy world" is a newish concept -- maybe since Rachel Carson?
But more importantly, how is all the (appropriate) fear actionable from an investing standpoint? When do you pull all your money out of the US stock market? I'm sure glad that I didn't at the darkest days at the dawn of the pandemic. The only seemingly-inviolate rule of investing -- and the one that has impressed me the most over my not-short investing lifetime -- is that we can not predict the future.
So what are you going to sell and what are you going to buy to prepare for these end times? Cash is no good (i.e., if there's hyperinflation, etc.) And gold will just get you killed.
Plus, a huge share of the SP500 returns lately have been driven by the tech companies that are trying to address these problems (admittedly, for profit and not out of altruism, per se).
I also know and work with a lot of bright young people (I can't believe that I use that expression with a straight face now) and even helped raise a few and I know the world will be in good -- and probably better -- hands.
Well, I guess we'll just have to agree to disagree on most of this, @LilAlex. I have no investing advice to offer; I'm just a rando on the internet with a scientific research background who likes to look at antique jewelry, lol.
But I do also like to look at the big picture of things, and learn from people who are smarter than me. Hence my recommendation to listen to the podcast I mentioned above and see how it might apply to our personal finances/investments going forward in this strange new world.
Cheers!
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