Myth: The 2010s stock market was once-in-a-lifetime. You'll never get an investment opportunity like it again.

Facts πŸ‘‡

++Thread++
In the nine decades since 1930, the stock market:

β€’ Shrank in two decades
β€’ Grew in seven decades
β€’ Avg'd 5.7% annual growth w/out reinvesting dividends
β€’ Avg'd 9.7% with dividends

Ups and downs
Many waves
The 2010s felt *great*

We bounced back from the Global Financial Crisis.
The bull ran the whole decade
FAANG stocks took off

This is...pretty good!
And yet, the 2010s come in 4th outta the 9 decades since 1930.

Avg'd 11.6% returns before divs
Avg'd 13.2% returns after divs

Those are solid returns

But 4th outta 9 isn't world-shattering.
But let's look at ALL 10 year periods in history, including random ones like [April '65 to March '75]

The 2010s rank in the 74th percentile in that lineup

That's solid. But it's not like you'll never see that opportunity again.
Alas, the future is a mystery.

Neither I, nor you, nor the many experts on Wall Street can predict it.

[Insert your favorite market timing quote HERE.]

Go ahead.
You know what I'm talking about.
Pull out your Bogle, your Buffett, your Ben Graham
I’m not sure *when* the 2010s will happen again.

But I’m pretty confident *if* they’ll happen again.

They will. The math says so.
While I’m sure the market will drop at some point, it’s hard to make money unless you can pinpoint both:

1) the right time to sell
and
2) the right time to buy back in

Do you feel lucky enough for that?
Not lucky? Same here.

Just think of oncoming waves

There will be crests
troughs
some splashes
…then more waves

The low-risk, low-stress method is to neither predict their timing nor their height

Just ride em out

It's in your...Best Interest

Thanks for reading. You rock πŸ‘Š

β€’ β€’ β€’

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More from @BestInterest_JC

7 Jan
DM: "Stay in your lane. I followed you for money, not politics."

Shall we dance? πŸ’ƒ

++Thread++
(First off, is it too political to ask for a functioning society and government? Did I really cross the line?)
One argument starts: "It's *my* account..."
But that's cheap.

Personal finance, investing, and the economy are all tied to the way gov't and society operate.

I think politics are within my Overton window (e.g. tax policy, Fed reserve, etc)

en.wikipedia.org/wiki/Overton_w…
Read 8 tweets
3 Jan
With all this Bitcoin in the news, do you want to understand the basics?

Yeah, me too.

I've spent the past week reading up on the protocol. Here's what I've learned.

Bitcoin, explained in simple terms πŸ‘‡

//Thread//

(Disclaimer: I don't own BTC)
Bitcoin is a software system.

That software is used across a network of computers.

Those computers follow the rules of the software.

1/
Individual people use digital wallets to "store" their Bitcoin.

Wallet = folder on a computer.

Each wallet has a unique ID and unique password.

The password is called a key

Using their key, an individual can authorize transfers from their wallet to other wallet(s).

2/
Read 16 tweets

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