renault12ts
MB Club Veteran
- Joined
- Mar 5, 2009
- Messages
- 16,671
- Car
- 2005 W215 CL500.
I suggest you talk to some Americans. America is sitting on the cusp of the longest bull run in history, with a wide range of ordinary people reaping the benefits in employment (with unemployment at 3.9% an 18 year low - and within sight of getting back to a 60 year low), pensions growth, investment growth, and general prosperity.
Going back to my original comment, James Carvill got Bill Clinton elected and re-elected on one very simple slogan. Americans don't care about the "noise" in Washington, they care about personal prosperity, and their perception is that Trump is delivering on the Economy.
As I said, I don't like the man, who is the product of a poor Republican candidate selection process, which trumped an even poorer decision to run with the unpopular wife of a seriously disgraced ex-President. The issue is that he has delivered on the Economy and there's not a single candidate out there who looks able to challenge his economic record and win in 2020.
(Personally, my preferred candidate would be Elizabeth Warren, but I'd be amazed if she actually ran, let alone ran and won)
But, so what.
During a bull run your investments and pensions may rise and rise...but when that ends there is a correction. So, unless you are going to cash in your chips before the end of the run and then buy back again after you will be no better off. And, trying to beat the market is a sure fire loser for anybody but those with there actual finger on the actual button capable of making trades at just the right moment.
How many people actually manage their pension funds in a micro manner...less than 1% I'd say...and of that how many actually get it right?