Follow On Opinion:
Re capital gain investments (speculations) where one is seeking a price increase, one is only sustainably rich if one can, when “dollars” are needed, find someone else to buy at an increased price. If/when new money flowing into to such markets slows or stops, let alone people in any significant numbers want “out of the market”, what happens?
In the market overall, is there any connection between reality of productivity / profitability of stocks, and the price?
In the 1920’s, supposedly a lot of people bought stocks on margin, or with loans against their other property, and lost big time when the market went down.
Further opinion, the IRA / 401k etc. accounts, as set up by the custodians, essentially funneled funds into the stock market, vs main street. With broader vision custodians, the money could have also been invested in local business, rental homes, a broad variety of equity and cash flow assets, BUT the bulk of custodians selected by employers had / have limited opportunities for the cash to go to.
Regarding bonds, or other fixed interest rate vehicles, remember that when the interest rates rise, the sale value of the instrument falls.
There is indeed a significant chance that we have a large mess about to hit the fan. There are a lot of “prepper” discussion boards out there for those who may feel insecure about the stability of their national currency, economy, etc.
Or, keep at “business as usual”.