I imagine the ancient tribal Hawaiians, who stood on the sidelines as the chosen one jumped into the volcano, felt just a bit as if they were missing out on something. But it is hard to imagine that they clambered all over themselves to join him.
But this seems to be exactly what Larry Fink (CEO Blackrock) had in mind, when he cheered investors on these three occasions.
First, he says "Cash is killing your investment account".
"The market will be higher in 10 years".
And last and my favorite, "Risk of a melt-up, not a melt-down" for the markets.
Hey, that is the CEO of the largest asset management company in the world giving the worst possible and most deceitful advice to people he thinks of as chumps. If size is inversely proportional to integrity—and I believe it is—maybe you should check out a smallish investment manager.
And finally, in case you're wondering, Clearwater holds itself to the highest standard, fiduciary duty. Also, we don't hype markets to screw over the chumps.
We are fee-only. No financial incentives. No kickbacks/commissions. No conflicts of interest. Just client interest. Our only incentive is the natural reward of investing intelligently.