Financial advisors across the board - BUY BONDS
People who knew not to bring large amounts of bonds to a stock market party
It’s likely the next couple of decades are all about phase 2 of the internets capability so that trajectory is unlikely to be derailed for any meaningful amount of time, and it is wise to remember to find a piece of that growth for yourself - these CEO’s and other wealthy ghosts of the world will continue to use A.I. to buy back their free time to do things in life they actually WANT to do, passion projects. It is important not to get left behind. The government are not being forthcoming about how many jobs are being lost and going to disappear altogether.
I understand the job numbers are not correctly reflecting this and that is largely down to the fact that I know there are currently lots of jobs, but those jobs are paying £12 per hour in a £50 per hour environment. You can’t bring £12 per hour to a £50 per hour party. That is quickly going to unfold over the next 5 years and become even more glaringly apparent than it currently is.
I personally believe that not’ investing in the areas which are wiping out jobs is a tremendous risk over the medium to long term (5-20 years). I simply have no idea how the UK can possibly justify £12 per hour today let alone 5 years from now. It’s a disaster.
Something is going to happen in property in the UK between 3-10 years from now. The situation is completely unsustainable now and has entered bubble territory, wild long lending is stretching things out and prolonging the inevitable and I believe nobody is doing anything smart enough to prevent the inevitable.
It’s only happened twice in 70 years and I am calling a property catastrophe 3-10 years from now.
Unless (1) You believe the government is talented enough to overt the destruction of jobs lost to AI, benefiting the people instead of removing their prospects. (2) The government fixing the housing situation allowing work to pay whilst also having free time as a person to be a person. (3) The rising of the minimum wage to reflect a balance between outlandish company profits and the worker who actually done the work for that to happen. (4) To fix the healthcare system allowing working people to actually use it - before they get sick not after.
…but you’ve already seen how they dealt with brexit…
100% of this can only be achieved if the school system dramatically changes and the schools become more like talent based facilities allowing actual skills to flourish and direct pathways to go into work fields - completely moving away from this weird system where 1,400 people go for the same job and only 3 get it…
2025 - 2035 I’m calling the decade of the property. If this doesn’t get dramatically fixed that then leaves huge swathes of gen z stuck in the position that many millenials are in today. And if I’m judging anything by what I see with my own eyes, there does not seem to be many building supply lorries on the roads currently…
I think the S&P 500 is peaking out.
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Asset Classes: Returns in 2024
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