If someone doesn’t have an investment portfolio, do you take their opinion on the economy seriously ?

[IIVI]

I honestly don’t, seriously at least. I’ve seen people who know their shyt about the economy. They’re an investor 99/100. The 1/100 being like an AOC: someone with legit political experience who make key decisions on the economy and legislature. I have nearly zero doubt AOC would do numbers as an investor but doesn’t out of principle. 99.99% of non-investors though aren’t on her level in terms of knowledge.

When you start talking about your plays and I can see where they land, that’s when I’ll know where you stand as an “expert”.

Nobody gets it right 100% of the time, everyone has bad plays but if you listen to people who don’t invest, notice how they basically believe they’re right 100% of the time. “I told you!!!!” but have no proof or don’t track how many contradictions they’ve had.

The market got a great way of checking people’s “know-it-allism”. Folks who are in the market find that out.

I still respect people’s opinions and perspectives but I don’t project anyone to be an expert without proof and a backlog of their misses and hits.

It’s very MAGA otherwise: provide no proof at all why you’re “right”.

 

[bnew]

The investments is not about wealth in this situation, it’s showing you actually have some type of skin in the game and actively follow what’s going on

Sorry but nobody without any investments can make me believe they understand the economy

there are far more people with investments who don't understand the economy than there are people willing to speak on economics but don't have investments.

look how many people with investments supported trump presidency even though throughout his campaign he said he would tariff other countries. now those same people from retirees to portfolio managers have the pikachu face.

 

[BrothaZay]

Because everyone has to make money and spend money to live in this country. And the economy impacts that.

That doesn’t mean everyone knows shyt about whether the economy is doing good or not

 

[⠀X ⠀]

If they’re right, they’re right. If they’re wrong, they’re wrong. There are people with investment portfolios that have performed poorly
I wouldn’t be taking investment advice from random people, either way.