I was listening to a podcast. Planet Money. It mentioned James Holtzhauer, the current jeopardy champ who has built his streak of wins with a trademark of huge bets. The podcast host mentioned how James tends to wager aggressively as the game opens and play more conservatively as time goes on, and compared this to the common understanding that young people have plenty of time, and can make more risky investments than old people can.
This makes sense. But my question is this: as a young person entering adulthood, who wants to make investments so I can retire with a nest egg, why should I invest now? I understand that throughout boom and bust, the economy is generally growing and that if I invest just before a collapse, I’ll be fine in the long run.
But why? Given that we’ve been in a bull economy for nearly a decade, a recession seems imminent, at least according to the basic understanding of economics afforded me by the basic Civics and Econ honors class I took in tenth grade. Why not just bet that the economy will tank, and wait to invest until afterwards. I have time, sure, but I’ll have more if I start on the right foot, right?
Submitted May 16, 2019 at 10:54PM by rkapi24 http://bit.ly/2HptjJr
