I am writing this report to all my investment clients to give them a better, more informed and unbiased view of what the current state and possible future of world markets is concerning crashes / corrections and how it can, will and has affected our investments.
Half the investment specialists are saying there is going to be a crash, and the other half say that the markets are going to continue growing. So half are going to be wrong and half are going to be right.
Here is my take on it.
Market crashes / corrections are not going to ever go away. They are part of your investment journey. Get over it and live with it.
It’s stupid to think that you can time markets (know when to sell out and know when to buy back) Anyone who thinks he knows when the market is going to crash is guessing. Very smart people said there was going to be a big crash two years ago, it never happened and if you had pulled into cash two years ago you would have missed a 60% growth period.
The secret is to stay invested and not listen to the doom sayers.