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> some might even say now inorder to get an ok return one needs to chase risk further with things like ARKK tech stocks and cryptocurrencies.

Returns of broad market index funds like SPY are not considered OK now? Am I living in an alternate reality?



Why chase 30% Y/Y gains when you can chase 300%? At least until these late days of summer are over…


> Returns of broad market index funds like SPY

I believe that in short and due time we'll find that much of those returns were 1) non-real due to inflation, 2) will crash back to historical means when we return to less strange monetary policies (such as non-zero interest, and selling at the end of QE), and possibly an effect from retirement/inheritances of baby boomers

Only time can know if I'll be right or not. I actually have a bit of a hypothesis that cryptocurrencies like BTC isn't actually productive right now, it's just wealth preserving and looks like it's "exploding" only because it's relative to a inflationary fiat currency.




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