Re:Does Market Timing Work?
by WXLCKNO on Sunday October 08, 2023 @10:27AM
(#37810759)
This is what I think too. Now obviously we're possibly on the verge of another massive change in tech with AI but there's still nothing that guarantees that the market has to go up.
[ Parent
| on HN ]
> Now obviously we're possibly on the verge of another massive change in tech with AI
could easily turn out to be another nft style "boom"
It could be a massive nft style boom, but if it is an nft style boom, expect a massive nearly worldwide economic collapse due to growth constraints around population issues.
Re:Does Market Timing Work?
by brigadier132 on Sunday October 08, 2023 @11:22AM
(#37811259)
The market is composed of companies, each of these companies are composed of people trying to better their own lives by working hard. When you buy an index fund you are essentially betting on all these people collectively working hard to improve their lives and if incentives are correctly aligned this should also mean the value of these businesses growing.
Re:Does Market Timing Work?
by wolverine876 on Sunday October 08, 2023 @11:41AM
(#37811454)
> The market is composed of companies, each of these companies are composed of people trying to better their own lives by working hard.
They are composed of people doing that, people rigidly protecting their incomes and/or status, people cheating others, and especially these days, people trying to squeeze every drop of blood out of every other stakeholder (investors, customers, employees).