Today is an exciting day. Today we find out whether Fed Chair and centimillionaire Jerome Powell helps ignite the DIRE Movement by telegraphing aggressive rate hikes in 2019 to stem nonexistent inflation or whether he decides to ease off the gas given the recent meltdown in the stock market.
A market-friendly Fed Chair would take a wait and see approach before raising rates given all signs are pointing to a slowdown. However, if JP doesn’t raise rates today and doesn’t signal for more rate hikes in the future, he may cast doubt on the strength of the US economy. Alas, he is stuck between a rock and a hard place.
I’ve never liked investing in stocks as much as I enjoy investing in real estate due to the volatility, occasional corporate malfeasance, and countless uncontrollable exogenous variables stocks face.
When you’re but a piddly minority investor with no say in anything, investing in stocks can sometimes feel hopeless. However, I recognize that investing in stocks is one of the best ways to build wealth over the long term, which is why I’ll always have at least 20% of my net worth in stocks.
Although losing money in the stock market is never fun, I thought I’d highlight some benefits of a stock market meltdown. After all, if it wasn’t for the global financial crisis, Financial Samurai would never have been born.
The Benefits Of A Stock Market Meltdown More humility. People tend to brag about their wins and hide their losses. When times are good, there is an