Dan Pena

So they're going to get a different flavor

and they need that going forward.

But they're not concerned what happens in the next 50 years.

They're concerned what's going to happen in the next 100 years.

And right now, there's no U.S.

investor that I'm aware of that is concerned about the next 100 years.

They're concerned about the next quarter.

Unless you're going to be a full-time investor, meaning you're not going to work at a job, you're just going to do research all the time, I tell people to go and look at the five best funds, Fidelity, et cetera, five, 10, 15, 20, 25-year results, and take a mix of that and put your money in.

And I recommend they invest monthly.

And so it comes out of your paycheck, et cetera.

And then you wake up 10, 20 years later, and you've got to, assuming the country doesn't bust, with a big gob of money.

The guys today, if you look at the ads on the television, and at the bottom, if it's trading or if it's derivatives or whatever, it says on the bottom, between 65% and 87% of all these investments don't make money.

Nobody reads that part.

They just put their money in.

And when they wind up losing it, they go to, what's that column on the internet that you say bad things about people?

Then you go on Reddit and say, it didn't work for me.

Absolutely.

But we're at the top of a bull market.

Most of the pundits, myself included, would say that we're overvalued right now and we're going to have a correction.

I keep talking about a black swan that's going to happen.