Again it depends on what your time horizon is.Nomad wrote: ↑Sun Jun 23, 2019 8:04 pmI would say it is the opposite of gambling.
Putting money into an asset class that has been consistently losing value for a period of six or twelve months and hoping that this month it will change direction is gambling.
What normally happens is that trends continue for quite a long time before stopping, wobbling and then sometimes going in the opposite direction for a while.
My strategy at the moment is having money in diversified asset classes that are all making money.
Assuming stocks will continue in the same direction usually works... until it doesn’t, and when it doesn’t, it usually doesn’t A LOT.
7 of the 10 most valuable companies in the world are tech companies, and tech is by far the sector that performed the best in the last decade.
Look back a few years and they were all railroads.
Look back less years and they were all energy companies.
Would you bet on tech?
For the next three months, maybe.
For the next three decades, not at all.