It’s certainly horrible if that makes up the entirety of one’s portfolio.

I suppose it could make sense as a supplement to an emergency fund.

I'll take my money out of T-bills and put it into WAFFLES, TASTY WAFFLES, WITH LOTS OF SYRUP!!

The power of compounding interest?

I think I’ve told this story before. I had a plan in place to flee to safety should Biden get elected. I’m talking working with money manager, plan in place ready to execute from my 100% us stonk long term plan. I just needed to give a verbal execute whenever I wanted.

Money manager said “we can put this plan at the ready, but don’t let politics/emotions steer you from what’s worked so well the last 2 decades. I’ll do it if you tell me to, but STRONGLY recommend against it”

And I didn’t do it (flee from stonks). And I learned a serious lesson. Don’t let politics/emotion steer you from the path that has worked so well.

So that lesson, just like all others before it is “have your long term financial plan in order and stick to the fucking plan”. That’s why I preach don’t finger fuck your investments based on short term events (short being 2-4 years). Have a plan based on your goals and risk tolerance. And fucking stick to it.