Originally Posted by
pumpernickel
First, Warren isn't some God. I've worked under him, for a little over two years. I wouldn't believe everything he says or does. He's a very practical investor, but that's it. The Intelligent Investor is more or less his style. I found a video where he discussed why he decided to sell, so I guess that mystery is solved. It wasn't a great reason, but still an explanation.
In regards to your red stuff:
1) kick out the phases. You can't label periods like that, you're making things follow an order..that's a technical trading style. No mo of that. I was simply trying to get help understanding the long term and short term debt cycles that Dalio discussed in the video. I was hoping someone could help me understand it more. There was no trading or investing discussed in the video. I am assuming all of this money being handed out is eventually coming back to us in the form of taxes.
2) I agree, I think people are acting like it's over but it's definitely not. I just don't think the second shutdown will be of any material. Businesses will fight it tooth and nail. The real risk is something growing from Covid, as in Covid is the derivative, and it manifests into something we have no control of. That may be surreal but that's the risk of covid. I don't think the second shutdown will be anything like the 1st. So you don't think a second shutdown would have the same impact as the first?
3) start now then.dca should be everyone's forte. Ok, $100 a month. Find a fractional share site, go in 50-60% SP, 10-20% dividend, 10-20% bond, up to 10% in micro doses of some very large cap stocks. Set it and forget it. Money you invest is money you can light on fire, and not worry about. At least 1 yr, you don't look at it besides depositing, investing and logging out.
4) Im of the thinking everyone's spent their stimulus check, and done so in an inappropriate fashion. That catches up within 6 months, and how income equality widens. The rich will scoop up the shit the poor spent wrong on. Those bodies will be buried q4 2020-q2 2021. For sure, you'll see the real impact later. I guess I am one of the few that still has mine, lol.