Jack Crivici-Kramer
👤 SpeakerAppearances Over Time
Podcast Appearances
Every time a public figure talks about stock market performance, they use this disclaimer.
Past performance is no guarantee of future results.
And the reason they say it is because it's true.
They don't want to mislead people.
And you have to disclose that investing in stocks is risky.
But honestly, that disclaimer scares a lot of people from not investing at all.
Yeah, it's no guarantee, but go give it a shot, guys.
Because historically, it rises 10% per year, and it's America's biggest source of wealth generation.
What Jack's saying is not investing?
Well, in modern America, that's a recipe for going broke.
Yetis, prices are constantly rising faster than incomes.
The only way to combat that, in our opinion, is to own stocks.
And the US stock market is an insane generator of wealth, growing 10% a year on average since, I don't know, forever.
If you look back to the year 2003, over the 23 years since, boring basic US government bonds are up 90% in those 23 years.
Okay, but Jack, how does the rest of the stock market compare to that?
It's up 700%.
So the Social Security Trust Fund could be trillions of dollars bigger if we would just take a risk and put that money in the market.
Get Jack in the game.
Yet he's in modern America.
The wild reality that no one talks about is that if you never take a risk, you'll go broke.