Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p

With a 5% return on cash, why would anyone want to invest in stocks? I know that cash feels good because its nominal value is stable - it feels safe, but it is counterintuitively extremely risky for long-term investors.

Referenced in this video:
Reaching for Yield: Evidence from Households - https://papers.ssrn.com/sol3/papers.c...
CRASH BELIEFS FROM INVESTOR SURVEYS - https://www.nber.org/system/files/wor...
Who Should Buy Long-Term Bonds? - https://www.aeaweb.org/articles?id=10...
Portfolios for Long-Term Investors - https://academic.oup.com/rof/article/...
Presidential Address: Discount Rates - https://onlinelibrary.wiley.com/doi/1...
Long-Horizon Losses in Stocks, Bonds, and Bills - https://papers.ssrn.com/sol3/papers.c...
“Buy the Dip” - https://www.pwlcapital.com/resources/...

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