I've been coming to this board to get the opinions of my esteemed colleagues for over 20 years and have always appreciated everyone's thoughts on a number of different topics as I know this board represents a broad stroke of professionals in almost every walk of life.
What do you think the next 6, 12, 24 months will look like for equities with inflation, rising interest rates, supply chain interruptions, conflict in Ukrain, and several other macro and micro variables that might affect the US and global economies for the foreseeable future?
I would classify myself as a 35 year old value investor that appreciates the current sales on quality stocks personally. I'm 30 years away from retirement and won't mind continual decline after purchases. Without trying to time the market I hope to find some quality buying opportunities now and for the foreseeable future. I for one still think most stocks are overpriced as the recent large declines haven't quite made up for the buying binge that happened over the last 2-3 years. I personally dislike crypto and have stayed away from it, have stayed away from IPOs for the most part outside of NuBank that I've been buying up since January, and want to look for some household companies that are doing well, but might have stock prices plummeting because of macro factors outside of their control caused by manic sellers.
When the housing market stabilizes down the road further I might look to buy a few more rental properties, but I think with stock prices falling there might be more upside and less work in equities in the next few years, especially when considering higher financing costs on real estate.
Please share your view on the stock market, time frames you see on additional declines, value stocks you're watching. I don't care if you run a hedge fund on Wall Street or day trade with your allowance in your parent's basement. I'd like to hear your thoughts.
Greatly appreciated fellow RSS patrons.
PH