https://sg.finance.yahoo.com/news/u-labor-costs-surge-third-130533380.html
Just as we've projected, the US labour costs had surged significantly recently. Once the wages have gone up, they won't come back down and this will affect inflation.
If you would like to know about US inflation and GDP, please watch our videos.
http://sg-stock.blogspot.com/2021/06/our-first-webcast-is-current-inflation.html
http://sg-stock.blogspot.com/2021/06/webcast-2-current-inflation-is-real-and_22.html
http://sg-stock.blogspot.com/2021/06/webcast-3-what-was-us-fed-thinking.html
http://sg-stock.blogspot.com/2021/07/webcast-4-us-will-be-experiencing.html
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3 comments:
The next 8 years will be the best in stock market history. Basically a combination of 1980s & 1990s.
Of course only for the right markets. Entire market indexes will go up 3X from here, while individual stocks can go up 10X-100X.
If you have a lifespan longer than the next 5 years, you should be able to reap good rewards of taking market risk.
Do you know that the index stock components have changed over time?
For example, the 30 Dow stocks now are no longer the original ones. This is why we can never compare the past with the present index because the weaker or bankrupt companies in the index get replaced.
Another example is STI. The original STI consisted of 50 stocks but it had shrunk to 30.
For most people, just regularly buy s&p500 or global index fund, and forget about it. You will become a millionaire or more after 30-40 years. 20 yrs if you're lucky enough to invest & hold during secular boom.
Changing companies & changing industries over the years will automatically be updated in the index funds. They are self-renewing.
As I said, only for the right markets can you buy & forget.
Emerging markets & most Asian markets (like STI) are not one of those markets.
But to get 10X or 100X within 10 years, you need to focus on individual smaller cap growth companies. Risky? Yes, so only do it with a small portion of your money & take a diversified approach.
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