Reply to I have mixed feelings when the market is doing well while people are losing their jobs

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My DH and I are currently high income but are living frugally and investing every single extra penny. I think we are going through a major economic shift due to AI and most people will be on the losing end. We will have super elites and then everyone else.  Investing might be our only hope. W2 wage income is going to be harder and harder going forward.[/quote]

Investing in what…if you believe this then read the Centrini report which just came out…the natural end to this is that the market craters like 35% because of the bloodbath of white collar workers which drive the economy.

You can’t believe what you believe and then just turn around and buy stocks…at the very least start loading up on bonds because interest rates will plummet.

[/quote]

We have all types of investments. High income people don’t just invest in one instrument. Current biggest winner was moving around  ~18,000 shares of XOM in our roth when covid first broke. that is now paying 100k/yr in dividend back into that roth account-the compounding had been insane. We then have [b]real estate,[/b] EFTs, Binds, and [b]Alternatives & Commodities.[/b] However our dividend stocks and real estate are basically like having a 3rd earner in the house. [/quote]

Again, if you believe this pessimistic thesis, then many of these asset classes will suffer.  Real estate is expected to plummet because who is buying or renting the RE at anything approximating current values?  Companies that are slashing their workforces will need even less RE (many urban markets still aren't back from Covid), and white collar workers who are not unemployed won't be able to afford anything at current rents or market rates.

Commodities will decline because overall economic activity collapses.

You are describing what currently exists, but not what you claim to believe will be coming from AI.  I just suggest you read the report and decide if you believe in it or not, and then adjust accordingly.[/quote]

White collar workers who are unemployed won't be able to afford much.[/quote]

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