I both laughed and cried when I read a recent Forbes article listing five reasons why investing is dead. I laughed at the title but cried when I realized that each of the reasons listed had validity.
- Stocks are down
- Real estate is down
- Money market yields are non-existent
- Most stock trades (and therefore market movement) are run by computers
- Market volatility is ridiculously high
Who wants to invest for retirement under these conditions?
Oh – the article also suggests that financial advisers are worthless.
Here is the one “beat the market” strategy offered up by the author: short shares of public companies that are poised to go bankrupt.
Doesn’t that sound fun and easy to do for a retirement investor?
Right now my primary goal is to maintain our retirement nest egg at survivable levels, taking into account the inflation rate. Investing may be dead but survivor skills still exist.
Some folks are seeking refuge in variable annuities but I’m not even close to going there.
Here is the link to the full article. Read it and weep: Five Reasons Why Investing is Dead