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“U.S. Stocks Are Now Pricier Than They Were in the Dot-Com Era
The S&P 500 has never been this expensive, or more concentrated in fewer companies” – WSJ 9/1/2025
Edited 9/2/2025 per Morningstar: Morningstar US Market Index +10.90% since June 1, 2025! Tech stocks +16.1% over the same period.
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Furthermore, all of the components of Faber’s ‘Ivy-5’ portfolio are above their 10-month Simple Moving Average.
My philosophy in retirement is to have a portfolio that allows me to sleep well
Of course you need to understand SORR. ask yourself at retirement if you could afford a 50% equity loss and maintain lifestyle. That has happened twice this century. Just be a well educated investor and use index funds as that’s the 50yr proven method superior to any other methodology
I know with 100% certainty that there will be a deep and lengthy drawdown. I just don’t know when, and neither does anyone else. Therefore, you should plan accordingly from the day you start decumulating. As Warren Buffet said “The only value of stock forecasters is to make fortune-tellers look good”
Edited 9/2/2025 per Morningstar: Morningstar US Market Index +10.90% since June 1, 2025! Tech stocks +16.1% over the same period.
You already said that.
I posted my comment at the time I edited the post and added the M* data. I assume that anyone who read my prior post would miss this addition. Some will see this twice. Sorry for that inconvenience.