Re:Why in the world would you own bonds?
by BitwiseFool on Wednesday March 17, 2021 @11:02AM
(#26492184)
Markets do seem to only go up, but the stocks on the market today are very different from 10, 20, 30+ years ago. I know that poorly performing stocks are eventually removed from indices and exchanges and they are replaced with new ones. Is it the case the market always going up in the long run is actually due to survivorship bias?
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Re:Why in the world would you own bonds?
by GenerocUsername on Wednesday March 17, 2021 @11:33AM
(#26492628)
Probably has more to do with the fact that society on the whole tends to build more than it destroys.
More value is created over time than lost.
More _economic_ value, sure. But at what cost to the environment, biodiversity, our dwindling resources, societal health, our psyches?
When does this become unsustainable?
None of that has a stock exchange listing.
Re:Why in the world would you own bonds?
by elefanten on Wednesday March 17, 2021 @11:52AM
(#26492877)
It's not even close to being unsustainable now and it may ultimately remain sustainable for timescales that are difficult for us to relate to.
That's an extreme claim.