You Will Lose Money With The S&P 500 Index

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Value Investing with Sven Carlin, Ph.D.

Value Investing with Sven Carlin, Ph.D.

Күн бұрын

The S&P 500 is priced for perfection and yes, anything is possible but perfection from an economic or individual business perspective never lasted. That is the risk, I hope I am wrong but...
My passion is to look for low risk high reward investment opportunities. I apply my accounting skills and investing experience in order to find interesting investment ideas that offer the possibility to lead me towards my financial goals.
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Пікірлер: 258
@FedericoZ5
@FedericoZ5 4 ай бұрын
I have heard the same thing one year ago and the S&P closed out the 2023 with a gain of 24%. No one can predict the future.
@mirofitos
@mirofitos 4 ай бұрын
you mean after it was dropping almost whole year 2022
@FedericoZ5
@FedericoZ5 4 ай бұрын
@@mirofitos sure, one year ago everyone was predicting that it was just the beginning of a bear market
@Value-Investing
@Value-Investing 4 ай бұрын
same story was at the beginning of 2022, and we have negative real returns
@josebalvin899
@josebalvin899 4 ай бұрын
Yes best strategy is regular purchase DCA and buy more in big recessions
@MikeHoncho826
@MikeHoncho826 4 ай бұрын
You will hear it again next year, if anyone shows you a “forecast” of the s and p 500s returns I think you should just stop listening.
@lipids7185
@lipids7185 4 ай бұрын
I have heard the same thing since 80s .
@Pinchshot39
@Pinchshot39 4 ай бұрын
They never printed money like this in the 80s.
@Value-Investing
@Value-Investing 4 ай бұрын
:-))
@michaelday8838
@michaelday8838 4 ай бұрын
interest rates have declined since the 80s and now they are going up.
@SigFigNewton
@SigFigNewton 4 ай бұрын
There is a zero percent chance of returns going forward matching returns since the early 80s. There is now less room for interest rate reductions, There is now less room for increasing government spending without debt becoming an issue, There is now a smaller rate of population growth, There is now less room for people to rotate out of international markets and into US stocks without international stocks becoming just too sweet a deal
@SigFigNewton
@SigFigNewton 4 ай бұрын
When asymptotes are being approached, expecting the same rate of change is foolishness
@greigsanderson
@greigsanderson 4 ай бұрын
If we have a 30-50% crash in the S&P, i'll definitely invest.
@Value-Investing
@Value-Investing 4 ай бұрын
Thanks for sharing
@devpro712
@devpro712 3 ай бұрын
no, you will be scared
@DBKarel
@DBKarel 4 ай бұрын
Well, I remember in 2009 the forecast was that US stocks would return 0% for the next 10 years. That aged well.
@MirinBrah1
@MirinBrah1 4 ай бұрын
I wipe my ass with these types of forecasts 😂
@hansschmidt8292
@hansschmidt8292 4 ай бұрын
@@MirinBrah1Too much information.
@Value-Investing
@Value-Investing 4 ай бұрын
the fundamentals were different, value investors like me were buying big in 2009 / I had 10 to 15% growth businesses offering 8% dividends / how can that return zero?
@danguee1
@danguee1 4 ай бұрын
It's interesting looking at comments without any intelligence. Have some context: - zero interest rates - QE and stimulus - TINA THEY are what pushed those share prices up - not actual better businesses. Once you've done those, you can't do 'more' - debt ceiling reached, can't do negative interest rates etc. And, in fact, at some stage you have to undo at least part of them. That will be the reverse push down..... The forecasts are actually based on historical data - and they are generally true based on what actually happened in the past.
@bogdancimpoiasu
@bogdancimpoiasu 4 ай бұрын
The difference is that in 2009 the market was trading at financial crisis lows. And the forecasts were probably biased by the same crisis, so less reliable. Today were are at all time highs. After a crash, the recovery will also compound to a 5x return. But today, at all time highs, is it reasonable to expect another 5x return in 10 years?
@-jovoc
@-jovoc 4 ай бұрын
I think the "Shiller PE Ratio" is a great tool to show how undervalued or overvalued the S&P is based on average inflation-adjusted earnings.
@festivaltransfer7682
@festivaltransfer7682 4 ай бұрын
There are two types of forecasters, those who don't know and those who know they don't know ;)
@michaelday8838
@michaelday8838 4 ай бұрын
The dilemma I'm in is within my 401k/HSA/529 Plan -- there is no option to invest in anything but about 10 different mutual funds or passive index funds. With my excess disposable income, I buy individual stocks. But in those deferred accounts, I choose S&P 500 bc its the lowest fees of the options and my time horizon is 30 years.
@SigFigNewton
@SigFigNewton 4 ай бұрын
30 years is a long enough time horizon that it’ll probably contain an eventual reversion toward the mean from the S&P, underperforming small and international stocks
@mjs28s
@mjs28s 4 ай бұрын
you can open an HSA at another broker with more options and transfer your current HSA over as well.
@guillemodred3938
@guillemodred3938 4 ай бұрын
quit your job, roll your 401k into an IRA and only work for a company with a self directed 401k. Don't feed the beast and don't be a victim to the beast.
@adriannasui8627
@adriannasui8627 4 ай бұрын
Thanks for helping out with your advice and strategy Sven, I believe it is an 'all weather' type of strategy, it is about looking to create value with the money invested, not just about 'sterile' stock price appreciation. They say stock pickers don't beat the index, but that is not always true. I believe the index is over inflated at the moment, it's a fat turkey and thanksgiving is getting close. So the only chance we have is doing the hard work and finding those good companies out there
@benius42
@benius42 4 ай бұрын
This may be a silly question… Isn’t it OK for 7yrs of negatives if you don’t plan to retire for 20? Isn’t that the same as 7yrs of buying low? Thanks Sven. Your videos have been consistently excellent. I appreciate your hard work.
@Value-Investing
@Value-Investing 4 ай бұрын
Good question! If you plan to buy more, then great!
@ajbahlam
@ajbahlam 4 ай бұрын
If you can buy low, it means you have cash. If you have cash, it means you are not fully invested.
@billybillson9831
@billybillson9831 4 ай бұрын
If you are a no nothing investor, then the best you can do is just DCA into an index and turn off youtube and never look at the news. If you have an edge then 7 years of no returns may be avoided
@benius42
@benius42 4 ай бұрын
@@Value-Investing absolutely, I was talking your basic, everyday retirement 401k that’s put towards the index
@enricoforza7
@enricoforza7 4 ай бұрын
hi Sven, i really appreciate your videos, what would you recommend for an ETFS investor? Keep investing in the global economy who has almost 70 per cent of S&P500 inside or maybe India and emerging markets? Thank you so much
@user-fe2zf6kl8f
@user-fe2zf6kl8f 3 ай бұрын
You Should be asking and taking professional advice then him.. he is just fear mongering BS... no one can advise you etf as lot more information is needed on your personal situation before suggesting anything..
@enricoforza7
@enricoforza7 3 ай бұрын
@@user-fe2zf6kl8f in fact i just asked a general advice and what HE would do in this case scenario, i'm not changing my strategy or my asset allocation after watching a youtube video...
@thetruth4829
@thetruth4829 4 ай бұрын
Do not become a perma bear Sven 🙏
@Value-Investing
@Value-Investing 4 ай бұрын
that is value investing, always looking at the risks
@surelywoo
@surelywoo 4 ай бұрын
Thanks for an honest assessment. It can be difficult to deliver a message of caution when everyone is celebrating at the first good news. We may be seeing some relief from inflation, but other aspects of the economy are worrisome.
@Michael-Wil
@Michael-Wil 4 ай бұрын
What do you think will happen once the interest drops meaningfully and all the cash in money market funds comes out? I think I heard the figure of $1.3 trillion. Bonds won't be an attractive option, a lot of it will go into equities, where do you think it will go, EM, Japan, Europe? If it goes into the S&P and Nasdaq they could easily go up if investors/traders/speculators don't see an alternative. Your thoughts would be appreciated.
@Value-Investing
@Value-Investing 4 ай бұрын
if rates drop
@billybillson9831
@billybillson9831 4 ай бұрын
Not many indices are attractive right now. The interest rate dropped has been priced in. If the market is at 27x earnings (3.7% yield) and interest rates drop from 5% to 2%, investors are willing to get paid a 1.7% premium (assuming earnings don't grow) to hold a group of high multiple volitilie investments for the next few decades. I don't think that sounds too attractive. And say interest rates move down and the market rallies... that 3.7% yield could decrease even more after said rally
@Michael-Wil
@Michael-Wil 4 ай бұрын
@@billybillson9831 I hear what you say, so my question still remains, where is all this cash in money markets accounts going to go, you say not the Indices, I don't think bonds, where!?!
@harrypotcha0283
@harrypotcha0283 4 ай бұрын
I recommend watching analysis of Ed Yardeni. He was one of the few contrarians about the upcoming recession in October 2022 and he remains bullish. Let's see where buying "overvalued" NASDAQ index is gonna lead in the long run. I prefer sticking to the leaders of the economic growth.
@stefand5472
@stefand5472 4 ай бұрын
Do the constant changes of companies in the S&P and therefor the changing characteristics of the index (much more asset light) do not lead to a change in the index valuation? Just saying it is because of zero interest and miney printing falls a bit short for my understanding....
@dsspla
@dsspla 4 ай бұрын
Thanks for your work Sven, have a great week
@mertdurali
@mertdurali 4 ай бұрын
The stock market could fall by 30 percent. If I have 100 shares, I will still have 100 shares. After it falls, it comes back up again somehow. If it falls, I can buy more shares. If you think of it this way and you are investing for the long term, the stock market falling just makes my hand itch. Spreading fear doesn't help anyone. Be careful to stay in big companies, because big companies will come back to where they fell very quickly. If you choose companies whose investments are not only in the USA, you will be less affected and you will be able to collect stocks with astronomical prices cheaply. There is no need to create panic. When you enter the stock market, you do not enter it just because it will move upwards. Of course there will be downfalls.
@Value-Investing
@Value-Investing 4 ай бұрын
this is the correct attitude, is wish most people understand it!!!
@user-sg1wn7ho2r
@user-sg1wn7ho2r 3 ай бұрын
This is exactly the kind of 'noise' and spurious predictions that investors should take no notice of. I don't like generalising and making predictions based on 'regions'. Yes, the US stock market is highly valued but it is being driven by a relatively small handful of technology stocks. If you strip these out, the index trades on something like fair value. Secondly, the US makes up such a large percentage of the global index that if it falls then it will act as a drag on the whole world index (so there'll be few hiding places). I'm also uncomfortable with the concept of 'emerging' markets, which includes highly developed countries such as Singapore, Taiwan and South Korea. Remember that China dominates emerging market indexes (with its sluggish economy and political risks). Having said that, it's not sensible to concentrate into stocks and funds on the basis of recent performance. That's why, whilst I retain US tech exposure, I've diversified into global small-caps, which are trading cheaply relative to history.
@Value-Investing
@Value-Investing 3 ай бұрын
good perspective, thanks for sharing!
@paolovita1720
@paolovita1720 4 ай бұрын
The big problem with GMO's real return forecast is that they have been expecting high returns in emerging value and low returns in the US for way longer than their horizon of 7 years. They may very well be correct this time, but they have lost a lot of credibility by now... And of course it is better to invest differently than the herd... if you are right!
@Value-Investing
@Value-Investing 4 ай бұрын
let's say they are wrong another 7 years and then right one / that is enough for people to lose money
@scope1122
@scope1122 4 ай бұрын
If they were wrong and you stayed out of the market for 7 years, you would lose a lot in opportunity cost @@Value-Investing
@kth6736
@kth6736 4 ай бұрын
​@@scope1122 thanks for describing FOMO. 😂
@scope1122
@scope1122 4 ай бұрын
@@kth6736 Well 7 up years would more than make up for 1 down year so FOMO in this case wouldn't be misplaced 🙂
@uroy8665
@uroy8665 4 ай бұрын
what is gmo ? I do not think it is genetically modified organism .
@francesconesta6058
@francesconesta6058 4 ай бұрын
Is a balanced portfolio with both value and growth stock a valid alternative (if the allocation ratio is determined according to the PE of SP500) ? Is there any theory around this like there is for bond/stock correlation?
@Value-Investing
@Value-Investing 4 ай бұрын
Even if there is, it is still just theory
@mihaidaniel8373
@mihaidaniel8373 4 ай бұрын
If you look on the last year charts you will see that the 2022 bubble already popped and most of the stocks are already back up or over that level. If central banks are lowering rates this year they will go even heighter
@Value-Investing
@Value-Investing 4 ай бұрын
We will see
@SigFigNewton
@SigFigNewton 4 ай бұрын
That’s certainly the prevailing view. Which leaves tons of room for investors to grow more fearful. A lot of potential sellers out there right now.
@billybillson9831
@billybillson9831 4 ай бұрын
Lol 2022 bubble hasn't popped. Index earnings are lower than 2022 but the price is the same in a higher interest rate environment
@landi2244
@landi2244 4 ай бұрын
Thank you Sven. I always recommend your channel to all my comrades. Have a great week.
@Value-Investing
@Value-Investing 4 ай бұрын
Much appreciated!
@evarlast
@evarlast 4 ай бұрын
The buy on ADM has me looking at conagra, hormel, and dole. What do you think?
@evarlast
@evarlast 4 ай бұрын
oh, and Cal-Maine Foods, Inc. (CALM)
@Sindibad007
@Sindibad007 4 ай бұрын
Dont try and time the market Sven. Stay the course and ignore the noise.
@billybillson9831
@billybillson9831 4 ай бұрын
I think this is avoiding the noise. Everyone is saying to stay the course, stocks keep going up. But somebody has to look at the 27x elavated earnings (3.7% yield) for the index and the 5% risk free interest rate they could get in treasuries and wonder if it's worth it to be in an index.
@apc9714
@apc9714 4 ай бұрын
You are not paying six times for the same assets as 10 years ago buy buying the S&P 500 now. The US economy has grown massively, its corporations have crushed competition from all over the world, and the profits have skyrocketed. Obviously the index is expensive, but i don't think is as overpriced as it apprears from this video
@Value-Investing
@Value-Investing 4 ай бұрын
Thanks for sharing
@apc9714
@apc9714 4 ай бұрын
​@@Value-Investing Your welcome. Thanks for keeping making video Sven : )
@felipesantos1985
@felipesantos1985 4 ай бұрын
Do an update on nutrien. The price is getting smashed and went from $120 to $50
@1BarryMoore
@1BarryMoore 4 ай бұрын
Thanks very much!
@Value-Investing
@Value-Investing 4 ай бұрын
Thank you
@eliseocarrillojr
@eliseocarrillojr 4 ай бұрын
I’ve hear the same story every couple of years for 30 years. Yes the S&P 500 etf’s continue to rise and hit all time highs. Just an observation.
@danunpronounceable8559
@danunpronounceable8559 4 ай бұрын
Really? We've heard every couple years that interest rates will start rising and remain high? That we might be stuck in an inflation spiral for decades to come?
@Value-Investing
@Value-Investing 4 ай бұрын
the valuation makes things different, the PE ratio of the S&P 500 was 12 30 years ago!
@eliseocarrillojr
@eliseocarrillojr 4 ай бұрын
@@Value-Investing true. where are you planning to deploy cash during this year?
@alanmunoz3755
@alanmunoz3755 4 ай бұрын
Hi Sven, What are your thoughts on passive investment?
@Value-Investing
@Value-Investing 4 ай бұрын
What is passive investing? Send me an email
@guillemodred3938
@guillemodred3938 4 ай бұрын
Interesting commentary, definitely not the consensus view, time will tell. Thanks Sven!
@Value-Investing
@Value-Investing 4 ай бұрын
yes, I love the comments! But it is not even about whether time will tell, it is about taking or not such risks! After all, this is a value investing channel!!!
@SuccessMikeMatthew-gw5uh
@SuccessMikeMatthew-gw5uh 4 ай бұрын
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller
@RyanGabriel-el4gt
@RyanGabriel-el4gt 4 ай бұрын
After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery Glory to God shalom.
@SuccessMikeMatthew-gw5uh
@SuccessMikeMatthew-gw5uh 4 ай бұрын
she's mostly on Telegrams, using the user name
@SuccessMikeMatthew-gw5uh
@SuccessMikeMatthew-gw5uh 4 ай бұрын
MILLER694 💯.. that's it
@grigolli9072
@grigolli9072 4 ай бұрын
See, I don´t understand why so condescending in investment towards mag 7, blue chips Nasdaq or whatever, just because is simple and straight forward? You make the argument of investment being "boring" watching paint dry, but to me you are the one trying to make things over complex by trying to overly hunt "bargains" hunt alternative, niche investments, Emerging market adventures, dividends stock only due to their complexity, etc. Not much "exciting" about investing in the best companies, currently growing over 10%, are dominant in their markets, almost everybody is an ever expanding customer of their products, posting great results and guidance, so this is not "Real investment" it sounds to me like you want to sell "complexity" "ad credentials" fallacy... See I am an academic economist, wear a suit, me and the "common" person are not on the same ground "I am special and know better"...
@Value-Investing
@Value-Investing 4 ай бұрын
Good point, but i just point out the risk at these prices! Plus, straightforward? Check from 2000 to 2009!
@Bedievis
@Bedievis 4 ай бұрын
Hes like a M.Burry, does not invest in anything, just trades, in and out, if those "bargains" would be great buys he would still own it
@grigolli9072
@grigolli9072 4 ай бұрын
You would have more credibility presenting this argument, if you were one of the investors who in 2022, caught the value bargain and rode the gains of the S&P 500 going over 25% gains Nasdaq over 35% breaking highs with no signs of stopping. For those who caught the waves so far, could make sense, to use some of the profits to trim it down, spread to other investments, once rates come down. You shouldn´t get to say this while, pumping your chest, while missing out the whole boat entirely being a bear throughout, where is the credibility? having Missed it all and now calling "overvalued" sounds like sour grapes, Kimi...
@Value-Investing
@Value-Investing 4 ай бұрын
Thanks for sharing :-)
@filipremans6823
@filipremans6823 4 ай бұрын
Hey Sven, could you make a video about Alstom (ALO) ? Is a value investment?
@Value-Investing
@Value-Investing 4 ай бұрын
I just looked at it once about 4 years ago, don't know much about it :-(
@Hyper1555
@Hyper1555 4 ай бұрын
Not that you are wrong, but can you elaborate if these predictions were ever right judging from previous predictions? I get US is overvalued and risky and emerging markets are lacking and growing, but that doesn't mean you can trust these predictions since we haven't heard there past predictions.
@eugenebrandon1533
@eugenebrandon1533 4 ай бұрын
Thanks sven.Good shit as usual.Such a level headed approach.my roth is pretty conservative.will continue to add adm.i like the business.i like boring.
@Value-Investing
@Value-Investing 4 ай бұрын
Thanks for sharing
@TheOriginalPickleRick
@TheOriginalPickleRick 4 ай бұрын
Time to buy Ferrexpo ?
@EdED-gg6fr
@EdED-gg6fr 4 ай бұрын
It will go down like in 2008/2009, but this time worse.....according to its pattern. So investing this year it isn't a good choiceGoing short is a better idea!😃
@Value-Investing
@Value-Investing 4 ай бұрын
nobody knows, time will tell
@BSenta
@BSenta 4 ай бұрын
Are you sure those returns are annual returns?
@Value-Investing
@Value-Investing 4 ай бұрын
yes I am
@mrhulls
@mrhulls 4 ай бұрын
Is the data of real estate adjusted by inflation?
@Value-Investing
@Value-Investing 4 ай бұрын
The data shows inflatio
@BorisGligorijevic
@BorisGligorijevic 4 ай бұрын
I think the reality will be around 5% (nominal) returns from S&P longer term (15-20 years or so), with the ups and downs in between. 10% sounds a lot considering high valuations now.
@Value-Investing
@Value-Investing 4 ай бұрын
agree, 5% should be ok, but 5% nominal is not much real. Of course, it depends on inflation!
@robertritchie7464
@robertritchie7464 Ай бұрын
Sven I really cant recall any of your predictions being right. But keep it up remember a broken clock is right twice a day.
@Value-Investing
@Value-Investing Ай бұрын
thanks for sharing!
@drzoidberg9589
@drzoidberg9589 4 ай бұрын
I fail to see what the FED printing money has to do with valuations. When the Fed prints money, they lend it out to banks, not you and me, thus the banks have more money to lend out to people and businesses. This money isn't used usually to buy stocks and prop up the market, rather it is used to buy a house or to invest in a business, like buying machines, spending on R and D, doing acquisitions. I think this thinking is flawed where the Fed printing money is being likened to a prop up in the markets. In fact, I would argue that the FED printing money actually helps the economy and drives technological breakthroughs and enough liquidity. In the 1930s we had the biggest economic crisis so far in recorded history, why? Because the Fed was taking money out of the system, thus deflating the dollar en drying up capital to expand business, exactly the opposite of what they are doing right now. I do agree however that most US stocks are overvalued, but those are the gyrations of the market that have been occuring since dawn. There are still great businesses to find, it's just a little bit harder. My advice: invest in a handful of great businesses and avoid indexes with 100+ companies as you will have de-worsification, like Charlie Munger said.
@mbg9650
@mbg9650 4 ай бұрын
There is a lot more to the story than expecting to profit from a stock market bubble to an other one.
@Neddie2k
@Neddie2k 4 ай бұрын
I want the S&P to drop 25%, as a new investor am rubbing my hands
@Value-Investing
@Value-Investing 4 ай бұрын
That is the attitude
@sebfox2194
@sebfox2194 4 ай бұрын
It already dropped by almost that amount between 2021 and 2022. Did you miss it?
@BSenta
@BSenta 4 ай бұрын
It won't (over 7 years) also these returns are inflation adjusted.
@jadak1116
@jadak1116 4 ай бұрын
The part sven is missing (and id love for him to comment) is the usa did nothing different than all other g20 countries. It wasnt just usa printing money. If all countries print at the same rate then we are all in the same boat globally. Sp still outperformed other g20 markets. Also, stock picking is extremely difficult. People with CFA s dont always make money every year. Let's ignore the past 10 years...Over a 20 year period less than 2 percent beat the market. Maybe sven can be one of those guys. But he wants you to pay for it. He needs content for the 100k he makes from utube annually. That's fine and he is providing value. He knows he cant tell you everything because he will never be a financial guru on youtube. the style of investing isn't exciting or conducive to creating 7m follower type icons on utube.
@Value-Investing
@Value-Investing 4 ай бұрын
thanks for sharing! SP 500 is great businesses, and those did great last 40 years - but we are not talking about the past here!
@BaileyMxX
@BaileyMxX 4 ай бұрын
Literally the same thing you were saying a year ago? Last year's real term report had US large cap as heavily underperforming, yet what happened?
@waterboy74
@waterboy74 3 ай бұрын
The title is kind of clickbait, don't you think? You don't "lose money" unless you sell during a drawdown. Investing in equities, US or International, means accepting that they will have a drawdown at some point -- there's no avoiding it. You can't predict what direction stocks will move with any accuracy. If you could, you'd be a billionaire living on your own Caribbean island. One other thing... when the US market has had large drawdowns in the past, the rest of the world's markets usually do, too. There's almost no hiding from it.
@danienishanov738
@danienishanov738 4 ай бұрын
hi sven, baidu really crashed, any chance to take a look?
@Value-Investing
@Value-Investing 4 ай бұрын
it seems they can't find growth and their bets end up as just that, bets....
@shawntan6446
@shawntan6446 4 ай бұрын
when the FED printer starts engine, the above wont come true
@Value-Investing
@Value-Investing 4 ай бұрын
we are talking about real returns, keep that in mind
@shawntan6446
@shawntan6446 4 ай бұрын
market at new high again😄
@dynamo3059
@dynamo3059 3 ай бұрын
GMO said the same 7 years ago. their forecasts are always bearish for US stocks
@bigmuff4839
@bigmuff4839 4 ай бұрын
"Good day fellow investors". If you're not saying it, I'm gonna say it. 😅
@Value-Investing
@Value-Investing 4 ай бұрын
Good day fellow investor!!!!
@matteoperini19
@matteoperini19 4 ай бұрын
Sven do you think that Dutch real estate is so bad?
@Value-Investing
@Value-Investing 4 ай бұрын
Might not be as bad as the euro;-) but if you can borrow at 5% and the rent yields 4, not grest
@Eltonferreira4
@Eltonferreira4 3 ай бұрын
I respect your opinion, but I have a different perspective based on the consistent growth history of the S&P 500 over time. I am optimistic about the market's future performance, but I understand that predictions can vary. Let's see how things unfold throughout the year.
@Value-Investing
@Value-Investing 3 ай бұрын
99% of people have a different perspective, so that is normal:-))
@eco-nutjob
@eco-nutjob 4 ай бұрын
Buy when there's blood in the streets (2008), sell when there's irrational exuberance. That's soon. Everyone thinks that stocks just always go up. Ask Japan how wrong that is. Stock prices are just too high right now and everything in the US is too expensive (groceries, cars, houses, staples, debt, etc) too. It's an election year, and the economy is still doing fine, so 2024 will be fine. After that, good luck to everyone.
@duartehenriques3652
@duartehenriques3652 4 ай бұрын
Does this affect the S&P500 ETFs?
@danunpronounceable8559
@danunpronounceable8559 4 ай бұрын
Yes
@Value-Investing
@Value-Investing 4 ай бұрын
the same!
@kkp4297
@kkp4297 4 ай бұрын
investing seems more difficult than 30 years ago. i wish i knew how to pick good stocks like Buffett did decades ago. everything feels like ponzi now
@Value-Investing
@Value-Investing 4 ай бұрын
we are in the everything bubble!
@greyharmonix
@greyharmonix 4 ай бұрын
you know you don't have to hold for a year. you can sell...
@massafelipe8063
@massafelipe8063 4 ай бұрын
Value growth spread is at all time high esp EM one, yet prediction gives 5,8% real returns for em value, doesnt make much sense.
@cirentXD
@cirentXD 4 ай бұрын
No idea what you're saying. Can you elaborate further?
@massafelipe8063
@massafelipe8063 4 ай бұрын
@@cirentXD Table at the begining of the video predicts 5,8% real growth for EM value subset of stocks, yet, their difference in P/E ratio compared to lets say US growth stocks has never been larger. I think it's an overly pessimistic table since it predicts sub-par results even for the most undervalued part of the stock market. That said, I know why Sven likes this table since he has a vested interest in showing index funds as bad investments which he consistently does.
@systemorox9296
@systemorox9296 4 ай бұрын
we might lose money this year and the next and maybe the next, but as usual it will skyrock again
@Value-Investing
@Value-Investing 4 ай бұрын
Sometimes it takes 20 years
@ApogistLtd
@ApogistLtd 3 ай бұрын
You always trash on index funds, and then never tie together Fama/French research to factor-based investing. My index strategy has been small value-weighted US and international, with a little bit of us and international growth. It’s done really well (not as well over the last 10 years), but I expect value indexes to do quite over the next 10 years (Avantis is amazing!).
@Value-Investing
@Value-Investing 3 ай бұрын
Thanks for sharing
@elreyAlito
@elreyAlito 4 ай бұрын
The final slide is empty
@Value-Investing
@Value-Investing 4 ай бұрын
maybe editing miss
@elreyAlito
@elreyAlito 4 ай бұрын
@@Value-Investing jaja, my bad Sven. All is looking good, my comment was for another video :)
@asub_1773
@asub_1773 3 ай бұрын
There is 100 perc certainty usa will not stop printing money ..
@Value-Investing
@Value-Investing 3 ай бұрын
:-)
@rickallen9099
@rickallen9099 4 күн бұрын
Not over the long term, buddy. You're wrong.
@pip1723
@pip1723 3 ай бұрын
My sp 500 fund is doing just fine .
@Value-Investing
@Value-Investing 3 ай бұрын
and let's hope it keeps doing so!!!
@yaumanto
@yaumanto 4 ай бұрын
Still a better investment than "a goddamn retailer" BABA.
@Value-Investing
@Value-Investing 4 ай бұрын
:-)
@thailandistheshitman
@thailandistheshitman 4 ай бұрын
lol
@deadstone3991
@deadstone3991 4 ай бұрын
Why don’t you show same forecasts that were 7 years ago?! 😂😂
@AnyangU
@AnyangU 4 ай бұрын
The US market does seem over-valued but...
@Value-Investing
@Value-Investing 4 ай бұрын
But…
@AnyangU
@AnyangU 4 ай бұрын
@@Value-Investing there is a lot of liquidity in the US so it is hard to bet against American exhuberance for stock investing, and the government making efforts to keep that liquidity if growth declines. You don't find that in the rest of the world. But, like you, I am at least half contrarian, and thinking large growth is over-invested, and international is under-valued and I am slowly growing international and US small cap value stocks.
@FHer-kb7gb
@FHer-kb7gb 4 ай бұрын
I discover the channel and i see the kind of channel it is. Most of the time bearish, never listen to these guys, merket is basically always up as money is always printed
@FHer-kb7gb
@FHer-kb7gb 4 ай бұрын
Big opportunity cost for those trying to Time the market or worst short. So i unsubscribe 6
@JayKay9112000
@JayKay9112000 4 ай бұрын
You can hedge by buying puts, shorting, or buying inverse ETFs like SQQQ.
@billybillson9831
@billybillson9831 4 ай бұрын
Only if you know the timing which nobody does
@AlanMWatson801
@AlanMWatson801 4 ай бұрын
Buying puts is detrimental and shorting requires timing. Much easier to accumulate quality businesses when the returns fit you.
@JayKay9112000
@JayKay9112000 3 ай бұрын
@@AlanMWatson801 when you go long on a business you are taking a calculated risk that the market is undervaluing it. It is the same for the inverse when you go short.
@naveedsarwar85
@naveedsarwar85 4 ай бұрын
Appreciate but challenging S&P im other words US economy with very little substance. Disappointing , I am not invested in S and P , but believe in US economy.
@randy74989
@randy74989 4 ай бұрын
The things is not try to "beat" the market, take what it gives you, de-risk your portfolios, have a Margin of Safety in Cash, T-Bills, and Intermediate Bonds and Diversify your equity exposure across the World. I have in ONE ETF Avantis AVGE and others.
@goodMbadM
@goodMbadM 4 ай бұрын
What is your thoughts on India stock market. I have seen a big boom After the covid and it never falls after that
@duramajin3118
@duramajin3118 4 ай бұрын
With every negative video the market keeps going up. So please keep posting more negative videos.
@Value-Investing
@Value-Investing 4 ай бұрын
this is not a negative video, just explaining risks from a value investing perspective!
@davidkoba
@davidkoba 4 ай бұрын
Not in the longterm
@Value-Investing
@Value-Investing 4 ай бұрын
Of course, but it is also about how much one makes
@davidkoba
@davidkoba 4 ай бұрын
absoulutely. dollar cost average in for 30 years and you will be hard to beat. When the market stalls or falls is the time to buy.@@Value-Investing
@josebalvin899
@josebalvin899 4 ай бұрын
What if history will repeat-printing, low rates and boom of sp500? Maybe after next crash in 1-2 years. Governments get rid of debt with high inflation and stock market will boom-win win
@Value-Investing
@Value-Investing 4 ай бұрын
And pension assets get destroyed!
@armanidesigner
@armanidesigner 4 ай бұрын
@@Value-Investing Nobody cares, broke people money are stealed by inflation whole life. It will just get faster. Pension age will just get higher as life expectancy increases and average age increases with low fertility rate
@phvaessen
@phvaessen 4 ай бұрын
the S&P500 is a market of stocks ... pick the stocks that fits you, not the market.
@Value-Investing
@Value-Investing 4 ай бұрын
:-)
@vincentvachon2842
@vincentvachon2842 4 ай бұрын
Very good video, I personally think that we will see higher price for the next 2 years, BUT there is the end of the real-estate 18.6 years cycle that is coming late 2020s, so I think we will see a big correction in like 2027 ish for several years :)
@hansschmidt8292
@hansschmidt8292 4 ай бұрын
Don‘t believe it 😊
@Value-Investing
@Value-Investing 4 ай бұрын
:-)
@Eline_Meijer
@Eline_Meijer 4 ай бұрын
You can all invest in overpriced assets in the U.S while I beat the M7 by investing in emerging markets.
@danguee1
@danguee1 4 ай бұрын
Having lost SO MUCH in emerging markets in the last decade, I'd now love to invest in EM - and, in particular, quality. But where does one go to find those? And how to do proper due diligence on them when I do? I'd love an EM quality ETF - that would be my favourite. But I seem unable to find that anywhere.....
@Value-Investing
@Value-Investing 4 ай бұрын
thanks for sharing
@grigolli9072
@grigolli9072 4 ай бұрын
Whoever has bought and held them throughout and now holds what the market and people like you from the sides call "overpriced" is the definition of good investment...
@Antares-rt5ub
@Antares-rt5ub 4 ай бұрын
Until you have another Russia-Ukraine situation and lose all your money. They’re cheap for a reason.
@Eline_Meijer
@Eline_Meijer 4 ай бұрын
@@Antares-rt5ub thats a defeated investing metality
@craig5340
@craig5340 4 күн бұрын
Ill have what he is smoking..
@Simo-ho1ml
@Simo-ho1ml 4 ай бұрын
Sp500 is going up 80% of the times and the longer you stay in the index the lower the probabilitis are of losing money. So imagine what is the best thing to do?
@thabangmnguni6539
@thabangmnguni6539 4 ай бұрын
🤣🤣🤣 and you can see the future
@Value-Investing
@Value-Investing 4 ай бұрын
Investing is about risk first
@systemorox9296
@systemorox9296 4 ай бұрын
Idk why it would go down, Sleepy Joe is gonna be out this year and Trump will come into office again, economy will go up, not down, because Trump actually knows how to run things
@Value-Investing
@Value-Investing 4 ай бұрын
Thanks for sharing
@Pinchshot39
@Pinchshot39 4 ай бұрын
I was 3 years too early. Already out.
@Value-Investing
@Value-Investing 4 ай бұрын
thanks for sharing
@lkmb1717
@lkmb1717 4 ай бұрын
Start to look like another Prophet of Doom..... probably to get more YT views...
@Value-Investing
@Value-Investing 4 ай бұрын
value investing is about risk first!
@jonnes__4657
@jonnes__4657 4 ай бұрын
🗽 Yes, the returns of US-stocks will be very disappointing. But the 🐑🐑🐑 will recognize it in 7 years, that means, as always, too late. ☝ .
@andrewmelean8259
@andrewmelean8259 3 ай бұрын
Lol
@Value-Investing
@Value-Investing 3 ай бұрын
:-)
@devilsadvocate7389
@devilsadvocate7389 4 ай бұрын
This guy is a PhD😂😂😂😂 what a clown.
@markettrader911
@markettrader911 3 ай бұрын
How does GMO know what will happen in the future? Jeremy Grantham is psychic?
@Value-Investing
@Value-Investing 3 ай бұрын
they just explain the risk and reward of things.
@gioblack4689
@gioblack4689 4 ай бұрын
Ahahahahahahahahaha ah ahahah comic
@matteofee7069
@matteofee7069 4 ай бұрын
These reports are full of s**t
@loutol2952
@loutol2952 4 ай бұрын
The S&P 500 is not the same today as it was 15-20 years ago. It is a battle tested index and will continue to perform well.
@liamcraighill
@liamcraighill 3 ай бұрын
Ive 700k all in the snp500 haha you dont have a clue
@Value-Investing
@Value-Investing 3 ай бұрын
may luck continue to be with you
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