Active funds aren’t popular in the FIRE community or with anyone looking into investing themselves and who know of ETFs.
There is a reluctance to use these funds and with good reason given their entry and management fees. Even Warren Buffett is dismissive about them.
What both periods have in common? China. A few years ago, the bearish sentiment held the global markets in its claws in wake of a slowing Chinese market and the devaluation of the Chinese RMB. This time China also plays a role, but there are more worries:
Maybe you are a FIRE-veteran and a reminder is all you need, or maybe this is your first time reading about this weird beast called “Savings Rate” and you stumbled upon my blog while Googling it.
Either way, a summary is always welcome, no?
My first quarterly report, how exciting! I want to make this moment, end of September and end of Q3 2018, as the official start of…