Comments by "" (@mrpmj00) on "New survey shows 401(k) savers think they need $1.9 million to retire" video.

  1. I bought Facebook, Microsoft, Apple, Google, Adobe, Alteryx, Wells Fargo, Twitter. TRUST THE PROCESS. The stock market goes up in the long term because it takes 2 steps forward for every 1 step backward. Cash is trash, it loses to inflation. 100% sure that the market will go up. Think about it, who would lend out their money and accept risk yet not get a return? If the Fed had not stepped in, then every investor would rather keep their money and not lend it out, which would crash the country and we'd have 100% unemployment. There's a lot of money on the sidelines, including new 401K money coming in every day.
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  2. Microsoft will be the cloud winner because its moat is Azure (private cloud) which cannot be copied by other companies which have public cloud (Amazon, Google, etc.). Due to federal compliance laws, some companies (banks) must keep data in the U.S. in a private cloud. For young people, Microsoft already has the minecraft game, Xbox. Tiktok and LinkedIn are are freebie icings on the Microsoft cake.
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  3. Back to school shopping is happening for Apple Macbooks, iPads, subscriptions. I replaced a 5 year old 13in Macbook Pro for a new 13in Macbook Pro with 16GB ram/1TB SSD for $1999 and $250 Applecare. Apple watch, 5G iphone coming in Oct 2020.
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