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If you are a long term investor your priority should be the health of the economy, not the short-term interest rate level.
In 10 years time, interest rates will be at an unpredictable level, but almost certainly a healthy economy will allow your holdings to prosper.
That's if I'll make it another 10yrs lol
I think the rate hikes are necessary but in the short term will negatively effect the market. Makes for a great buying opportunity though
@greencandleit Yep I think it all depends on investment horizon. If you invest with a 1-year horizon, interest rates will crush you. If you invest with a 10-year horizon you want interest rates for two reasons:
- The economy will be healthier
- Valuations will come down and you'll get to accumulate cheaper
As a long term investor, consumerism looks to remain an integral part of the world. That's why I continue to hold and accumulate more.
Buffett always said that there is no use trying to predict rates.
I would add that as a long-term investor your number one priority should be mental & physical health in this market. Specially in long lasting bear cycles important to come out of it strong and not weak.
@rihardjarc agreed and I think this is only possible if one focuses on the businesses and not all the feat the media is trying to spread
@invesquotes Exactly, fundamentals are the thing that given conviction and calmness.
Marshmello test is always worth thinking about
@eric This is a great analogy...delay gratification! Would say that the society is every year more geared towards instant gratification
Macro for fun. Business for money.
