In a bull market, everyone feels like a financial genius. Take my experience, for instance: I sold 75% of my Tesla stocks at $888 each but kept a portion, which paid off. This scenario isn’t unique to me. Over on “Get Rich Slowly,” a popular blog, the owner JD shared that he increased his stock investments earlier this year and saw significant returns. He wasn’t boasting—merely stating his success, bolstered by his large follower base.
This incident has sparked a vibrant discussion among readers. Remarkably, over 80% of commenters claimed they outperformed the S&P 500 significantly, a sharp contrast to data showing that just 6% of active fund managers beat the S&P 500 over the last five years. This disparity prompts several questions: Are only the successful investors commenting? Should these financially savvy readers start their own hedge fund? Are people exaggerating their wins and minimizing their losses? Is everyone really a financial genius, or is it just easier to think so during a bull market?
Most likely, the truth lies between these queries. It’s human nature to credit our skills for gains and blame external forces for losses. However, reality often tells a different story.
As for the economy, although I’m cautious, I’m enjoying the current upswing. A healthier economy means more spending and hiring, which benefits everyone. The large reader base at “Get Rich Slowly” reflects a broad sample of the American public, suggesting that many are indeed doing better financially. If this trend holds true on a wider scale, perhaps we can avoid a recession after all.
Ultimately, staying invested and engaged seems to be the key to weathering economic storms. History shows that markets and workforces often rebound powerfully. Observations point to real estate as the next sector to recover, and I’ll delve deeper into the intricacies of real estate investment in upcoming discussions.
