I kind of get the sense that retail investors largely can’t shake the btfd and “it always goes up” mentality they have enjoyed since 2009. And really even further back from an interest rate perspective.
I feel like we are in unchartered territory, and like the frog in boiling water analogy, we just haven’t noticed things changed yet. Supposedly that analogy is false, so how about another one:
I was better-looking in my 20’s. Sure, some grey gives me a bit of gravitas, and while I am trying really hard to maintain muscle mass at 50, similar to what I used to have back then, my face and general appearance won’t look like I am in my 20’s.
I got bored and finally checked out Warrior Nun on Netflix. Bit of a CW-vibe, but has enough action/sci-fi to keep me interested. The lead actress is now 25 yrs old (Alba Baptista) and is so ridiculously cute, she reminds me of Alyssa Milano back in her 20’s. Never heard of her as she is Portuguese actress and this was apparently a new english-speaking role, and I see that she is dating Chris Evans (Capt America/Marvel fame) and he is 41.
Side note: well-done, Chris!
Granted 41 is younger than 50, but I am not that much different now than I was in early 40s, and I don’t have the fame or likely fortune of the successful Marvel actor.
Quite simply, Alba is out of my league.
Even in my 20’s, she would have been out of my league as famous actress, but she looks like wholesome girl next door you could find in most cities in US, and I did date a few lookers in my time. So let’s just say I had a chance with an Alba-esque equivalent in my 20s.
But I don’t now. Outside of being a billionaire. So money aside.
What the heck does this have to do with the markets, Dreamer? You done lost the plot!
I am saying that I think a lot of the retail investors don’t realize things might be different for a good long while. A lot of them are equivalent of the 50 yr old guy living in the past, and not realizing things have changed.
Ok, so now we know the more realistic angle is a tragically-widowed in-shape late-30’s (at best) or early-40s mother of (hopefully) about-to-graduate high school children. Ideally latina ala Eva Mendez. Ideally incredible cook. And wish me luck with that, btw.
But yeah, you aren’t 25 anymore. Things have changed. Your thinking may need to change, too.
Dreamer ← king of tangential long-winded questionable analogies