Sorry for the very late reply, basically my understanding is that interest rates now are high, so this post implies that we should consider investing now and donating later.
Is that a correct interpretation? Are you following that strategy yourself?
Interest rates are much higher, which is partially offset by inflation (it’s real not nominal that matters) but not entirely. Today, US Treasuries have a +1.79% yield over 5 years in real terms, so higher than the −1.28% I mention in the article but still within the long-term range of −1% to +2% that I mention in the article. Importantly, that’s still below real GDP growth expectations, so over time the amount you can buy as a proportion of global wealth declines.
Thanks for writing this! I would be curious to know what you think about this 4 years later, and now that interest rates are much higher.
I think all the points still stand albeit the numbers in the example look dated now! Anything you think should be changed?
Sorry for the very late reply, basically my understanding is that interest rates now are high, so this post implies that we should consider investing now and donating later.
Is that a correct interpretation? Are you following that strategy yourself?
Interest rates are much higher, which is partially offset by inflation (it’s real not nominal that matters) but not entirely. Today, US Treasuries have a +1.79% yield over 5 years in real terms, so higher than the −1.28% I mention in the article but still within the long-term range of −1% to +2% that I mention in the article. Importantly, that’s still below real GDP growth expectations, so over time the amount you can buy as a proportion of global wealth declines.