it's going to crash any day now, so sell everything!
We've had various corrections, but no huge crash. Yes, the market goes up and it goes down, but the overall trend is up. I don't pay much attention to P/E ratios, but a lot of companies are making money. That's what's keeping stock prices up. Perhaps I should care more about that, but note that during that long terrible time when the market was recovering from the Crash, was when the P/E ratios were at their lowest. And that huge increase in '07 and '08 was, if I recall correctly, fueled mainly by overvalued tech stocks, a classic bubble.
I've been with my advisor some twenty years now. I am a very long way from being his most lucrative client, but he has served me very well. He does not churn my account. It's all in funds, which occasionally get changed as he feels one fund is no longer a good investment but a different one is. He keeps me apprised of what's happening, especially with my account. I actually look at it every single day, just to keep track. I also frequently make use of this site regularly: https://www.calcxml.com/do/how-long-will-my-money-last
It's quite interesting. It defaults to an 8% growth, which I always reset to 6%. And so far, my money should last me far longer than my life span. Which is quite nice.
It seems to me that entities like Vanguard and Schwab have been predicting a relatively low return on equities for about a decade now.
Apparently there are annuities out there that die when the holder dies. Mine don't. Any residual value goes to the beneficiary. Also, a quick look at them, one is 50% invested in stocks, the other about 20%. The first one has increased in value noticeably more than the second, but I have peace of mind with both of them.
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