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Reply to "Do you know anyone who fancies themselves a savvy investor?"
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[quote=Anonymous][quote=Anonymous]Yes. Usually they haven't been investing very long, and started in a bull market. Or else they just aren't informed, and live in a glowy bubble. Either way, I just nod and smile at their espoused "wisdom."[/quote] +1. I think the bull market effects are very real. When the market keeps going up and property values keep increasing, people forget that they can go back down and start to think any investment is good. And yes, these people tend to give a lot of "advice" bc they think it's their wisdom leading to big gains, not the market. Smile and nod.[/quote]
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