I’m up 22% so far this year with my gambling stock trading strategy, >6 years CAGR is 29.5%.
Crisis, what crisis? There was not even one second in my 64 years on this earth without a war and it seems to be good for business.
Fund managers are always scrambling around, their most important task is to find excuses why they do not perform. A fund manager may lose money but he may not lose money alone. Therefor he cannot (or doesn’t want to) take the risks that really pay out over long term.
ETF do not help as most of them have two problems that seem to be impossible to have at the same time: too much diversification and too much concentration. The big index ETF on U.S. index did lose the SEC “diversified” label last year and even the all world index (with its insane 10’000 holdings) did lose that label when NVDA was at its high I think. 10’000 holdings and not diversified? This you can sell only with the Boglehead propaganda that you pay when buying ETF.
Metals are OK for my bike, Commodities for my heating tank. Crypto, what’s crypto? Who in his right mind would invest money in crypto; buy stones from the river, at least they may be pretty. It works as long as you find someone more stupid, but one day you will be that person. I mean, there are big parts of new generations where I think I could put the label “stupid” on, but they are probably separated from their money long before they can lose it with crypto.
Back to subject: seems the tax rise is no longer discussed. But depending on the political climate it can come back any time. I do not have a single cent in 2nd or 3rd since 13 years, was molested by the lousy performance of those fund managers.