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Comments:
I agree with the first premise of the article: predicting the future is difficult--let's just say, impossible. The second premise: that the stock market is the best place for all of your money--contradicts the first premise on some level. It is very likely that the stock market is the best place for all of my investments, but, given that I can't predict the future, there is a chance that it might not be the best place for all of my money. For me, the answer is diversity--not just a diversity of stocks and bonds, but a true diversity of investments: some real estate, some gold/silver, and, yes, why wouldn't you want some extra food in your house? If the trucks stop running, you'll be glad you have it.
Post: Don’t Trust Your Gut
Link to comment from December 27, 2023