Funny how few people talk about "home ownership" as a risky concentration. I mean sure, you live in an owned home, but it's still pretty risk to have so much of your wealth in a single physical asset, let alone a single stock.
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This means what the market is doing right now is somewhere between realizing it missed an exit and taking the next one and doubling back. So now is a bad time to "rebalance" out of whack portfolios to be properly passive.
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When market makes a mistake you accidentally fail to make, you do NOT want a passivity theology tempt you into *actively* tracking that mistake while it is still correcting. Ie, I'll probably still rebalance and try to lower concentration to be back to mostly index, but...later
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I'm not claiming any prescience here. I bet on "software eating the world" not "swew+covid=accelerationist wet dream." I was accidentally a bit more right than the market in a 3-month horizon. Empire may strike back and force world back to dystopian reboot into old normal.
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So I guess my actual implied thesis in NOT rebalancing right now is that the market will not waste the reboot, and will eventually steer into the acceleration despite money printer going brrr to pretend Covid didn't happen.
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End of conversation
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