When stocks rebound, WHERE best to invest?
Quote:
Originally Posted by
Montello
All this short term volatility is just noise. What I’m really trying to picture is the long term outlook.
One thing I think we can all agree on is zero interest rates are here for a long time.
Next, I think we can expect more major spending from governments and more central banks stimulus.
I don’t think we can agree on the prospect of inflation.
We can probably expect more tax on visible wealth, property and equities?
We have low levels of corporate competition as many markets are broken so we have many default monopolies and labour has little power keeping wages low.
We have limited “homes” for capital so equities will likely remain expensive on most traditional measures.
So, what does all this mean? I think it just means the rich get richer and big corporations with do better than smaller companies.
Anyone got any alternate views?
I agree with one exception: big corporations are like oil tankers when it comes to changing course, and with change happening quicker than ever I believe small & mid cap businesses can adapt faster.
Still, according to my wife I’’m never right
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