A “follow-up” market crash could be coming. I don’t mean to scare you, but it’s only a matter of time… The past two happened like clockwork — seven years apart. One happened just before 2001, after the dot-com burst. The other came with a vengeance in 2008, right after the housing collapse. It’s getting close to another seven years… so what about this time? Are we headed for a “follow-up” market crash? The very idea of losing more than half of your invested wealth in a market downturn is daunting. Market analysts claim to know exactly where the market is… Read More
A “follow-up” market crash could be coming. I don’t mean to scare you, but it’s only a matter of time… The past two happened like clockwork — seven years apart. One happened just before 2001, after the dot-com burst. The other came with a vengeance in 2008, right after the housing collapse. It’s getting close to another seven years… so what about this time? Are we headed for a “follow-up” market crash? The very idea of losing more than half of your invested wealth in a market downturn is daunting. Market analysts claim to know exactly where the market is going, and act like they know exactly when to buy or sell stocks. But how many analysts do you remember saying months before the 2008 financial crisis that the market was going to go down by 57%? Can you name one? And look at mutual fund managers’ records. According to Standard and Poor’s, just 14% of actively managed mutual funds have beaten the market over the past three years. The other 86% of them fail at beating the market, yet we pay them millions in fees every year and trust them to protect and grow our hard-earned money. Did even… Read More