{"id":22320,"date":"2016-01-14T16:31:24","date_gmt":"2016-01-14T21:31:24","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=22320"},"modified":"2016-01-14T16:41:00","modified_gmt":"2016-01-14T21:41:00","slug":"do-not-take-investing-advice-from-robert-reich","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2016\/01\/14\/do-not-take-investing-advice-from-robert-reich\/","title":{"rendered":"Do Not Take Investing Advice From Robert Reich"},"content":{"rendered":"<p><a href=\"https:\/\/www.facebook.com\/RBReich\/videos\/1135506089795319\/\" target=\"_blank\">Robert Reich&#8217;s session on Facebook<\/a> has the worst investment advice I may have ever heard.<\/p>\n<p>Here is a guy I generally admire, but don&#8217;t take your investing advice from him.<\/p>\n<p>He starts with a chart that shows you why investing in the stock market has been a bad idea over the last 20 years.<\/p>\n<p>What a pile of hogwash. Few people are unlucky enough, if they have any brains, to invest only at the peaks. I thought he was an economist that knew economics. Or is investing not part of what an economist knows anything about?  Maybe John Maynard Keynes was an <a href=\"http:\/\/www.maynardkeynes.org\/keynes-the-investor.html\" target=\"_blank\" title=\"Keynes record as an investor\">exceptional economist<\/a>.<\/p>\n<p>Does Reich know about dollar cost averaging, even if he doesn&#8217;t know about Keynes\/Graham\/Buffet investing? If I had listened to Reich&#8217;s kind of advice over the last 20 years, I would be a lot poorer than I am now, and I mean a lot.<\/p>\n<p>Of course, if I had bought only at the valleys and sold at the peaks, I would have been a lot richer, but nobody knows how to do that.<\/p>\n<p>If you fall for what Reich is selling in this video, then maybe he is right, you shouldn&#8217;t be investing in the stock market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Robert Reich&#8217;s session on Facebook has the worst investment advice I may have ever heard. Here is a guy I generally admire, but don&#8217;t take your investing advice from him. He starts with a chart that shows you why investing in the stock market has been a bad idea over the last 20 years. What [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-22320","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=22320"}],"version-history":[{"count":5,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22320\/revisions"}],"predecessor-version":[{"id":22325,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/22320\/revisions\/22325"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=22320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=22320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=22320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}