Re:Ask HN: How do you invest your money?
by the_gastropod on Wednesday May 03, 2017 @03:09PM
(#14259035)
The Schiller P/E has historically been pretty useful, but it's not a great tool for comparing pre 2001 and post 2001 market valuations because of changes in GAAP. Check out http://www.philosophicaleconomics.com/2013/12/shiller/ for a more in depth explanation.
There's also q, which has same result as Shiller P/E 10 but is calculated very differently: http://smithers.co.uk/page.php?id=34
Re:Ask HN: How do you invest your money?
by carsongross on Wednesday May 03, 2017 @03:55PM
(#14259419)
Thanks for the link, interesting read.
Re:Ask HN: How do you invest your money?
by ryanwaggoner on Wednesday May 03, 2017 @04:49PM
(#14259923)
I don't time the market. Studies are really clear that people suck at it. You may be convinced you're the exception. I'm convinced that I'm not :)
Re:Ask HN: How do you invest your money?
by carsongross on Wednesday May 03, 2017 @06:08PM
(#14260648)
That's certainly a reasonable position.
Re:Ask HN: How do you invest your money?
by ryanwaggoner on Thursday May 04, 2017 @04:59PM
(#14268766)
I'm going to start responding to people who disagree like this :)
http://www.multpl.com/shiller-pe/
So, broadly, equities look like a pretty bad deal right now.