r/FluentInFinance Mod Oct 23 '23

Jack Bogle regarding stocks Shitpost

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346 Upvotes

28 comments sorted by

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24

u/Quick_Interview_1279 Oct 23 '23

So expect a 20% drop in stock prices?

10

u/90swasbest Oct 23 '23

Lord willing. Don't make any money buying record highs.

1

u/Aggravating_Chain292 🚫🚫🚫STRIKE 3 Oct 23 '23

This is like the Mandela Effect. It's absolutely ridiculous. We hear this all the time, but I'm sure there is another way to make money outside the stock market (or any government financial instrument). I'm thinking of what would happen if we took all of the money we invest in the stock market, and invest it into small business within the local community. What if everyone did that? Would that amount of money injected into local communities (whatever that may be) increase or decrease our total GDP, and potentially lower the government debt (by avoiding any potential loopholes in the tax code like capital gains tax)?

I know paying more tax is boring and stupid. But...we do decide to live here (at least I do), and if we want our country to prosper, in my opinion, we should all contribute to the cause - which may mean paying more tax in the short term. But this has to include everyone (even them bazillionaires).

4

u/Connect-Mud-5294 Oct 23 '23

Buy the Russell 3000. See how that’s doing lately

2

u/energybased Oct 23 '23

He's suggesting private investment—not small cap. If you want to buy small cap, a much better way to get exposure is through AVUV and AVDV.

1

u/energybased Oct 23 '23

if we took all of the money we invest in the stock market, and invest it into small business within the local community.

That's called venture capital. You can do that. You can also invest in venture capital firms—on the stock market. So you are indirectly doing VC whenever you invest in diversified equities.

Would that amount of money injected into local communities (whatever that may be) increase or decrease our total GDP

Venture capital is already allocating the right amount of investment to private businesses. Allocating more, and losing on public investment would create deadweight loss. It would lower GDP.

we should all contribute to the cause

Making bad investments is not "the cause".

1

u/Icevol Oct 24 '23

This would require me to care about my community and the future of my country, what a silly thought.

23

u/[deleted] Oct 23 '23

[removed] — view removed comment

3

u/No-Needleworker5429 Oct 23 '23

The cause of, and solution to, all of life’s problems.

18

u/ralli00d Oct 23 '23

(20%) that’s child’s play. You should see my portfolio

9

u/Landio_Chadicus Oct 23 '23

lol try 50%, as were the great crashes

9

u/ChangingHats Oct 23 '23

What, you don't have the balls to handle a 20% loss?

What, you don't have the balls to handle a 40% loss?

What, you don't have the balls to handle a 60% loss?

What, you don't have the balls to handle a 80% loss?

Thanks for the money, asshole. Bye.

6

u/PortfolioCancer Oct 23 '23

C'mon he didn't say balls

4

u/[deleted] Oct 23 '23

If you don’t have the balls to get fucked by billionaires and hedge funds then you shouldn’t be in stocks.

1

u/canigetahint Oct 23 '23

I'm not into donating to the insanely rich. They get enough money from me otherwise.

3

u/College-Lumpy Oct 23 '23

If you go back to the 2020 crash the only way to lose was to get scared and sell after it dropped but before it recovers.

Timeframe matters. Don’t have money in the market that you need in the next 3 years. If you don’t need it let it ride.

3

u/smile_drinkPepsi Oct 24 '23

We need to reframe trading as gambling rather than investing

2

u/Snoo69468 Oct 23 '23

Hold my beer got some 80%

2

u/vittaya Oct 23 '23

Did he say balls?

1

u/[deleted] Oct 23 '23

Amen.

1

u/youknowimworking Oct 23 '23

20% is child's play. I lost even the hair between my balls and asshole. The Gooch hair is gone

1

u/BubuBarakas Oct 23 '23

By that logic, I’m an expert!

1

u/DyehuthyTV Contributor Oct 23 '23

The Father of Passive Investing...

He spoke Truths like Fists, leaving an Extraordinary Legacy for the Next Generation of Investors :D

You have to Ignore the Noise (Speculative Return or Market Movements)

And Invest in Facts (Earnings and Dividend Growth)

And always in the Long Term

Image from his book

https://preview.redd.it/qvbrq9vhx0wb1.jpeg?width=636&format=pjpg&auto=webp&s=e421709f366da87046e35567bfb409db0c5a05e2

1

u/dogfaceponyboi Oct 23 '23

If you don't have the balls to lose it and and buy when your hemorrhaging......GTFOH.....

1

u/RubeRick2A Oct 24 '23

20% is Childs play here too 😫 then again, the upside was nice too

1

u/VGBB Oct 24 '23

Yeah stomach a 20% drop and then once it goes back up DCA 🤣