The Lure of Easy Money
Right now happens to be an attractive time to do something stupid. What’s more, everyone is doing it. Maybe you are too. Stock valuations and corporate earnings growth no longer appear to matter. Why not buy an S&P 500 index fund and let it ride? Or, better yet, why not buy shares of Nvidia?
NVDA, weekly, over the past 6 years. The stock really started to take off after the 2016 election surprisingly brought an administration to power that was willing to cut taxes and roll back regulations. This vastly improved the competitive position of US-based companies in the world and boosted their profit margins. Other favorable narratives accompanied the rise of NVDA and other tech stocks specifically, such as theRead More »