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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]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] Inflation is up 30% since COVID and since 2019 the S&P500 is up 300% so a 35% drop isn’t that bad relatively speaking [/quote]
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