“With that in mind, why would anyone decide not to invest for the long term?”
Because $18T in debt and trillions more in unfunded entitlements is not sustainable.
I’ve invested plenty, made plenty, and have gone Galt at 53. I won’t be supporting the fascist beast any longer and will live off of investments taken out very carefully to avoid paying taxes. And if/when the collapse happens, whether it’s hyperinflation followed by a depression or vice versa, I won’t be affected because I’m living the simple life I want, regardless of what happens elsewhere.
If you think an increasingly fascist country with a debt like Greece without anyone to bail her out has a positive economic outlook, go for it.
But as they say with all investments, past performance is no indication of future returns.
Jim Cramer was on DNCmsNBC tonight reflecting on the late 1990’s.
As if now is any comparison to then. Oh he’ll admits it will go lower but was talking like it will rebound.
Maybe he’s hoping for QE4 and then some.
If you’re truly going to “Go Galt” then you probably don’t need money anyway. But that doesn’t sound like what you’re doing. How do you plan to “live off of investments” if you have no faith in the underlying financial system? What are these investments?