Nearly 21 years investing, nearly 11 running money, ~ $100+ AUM. Mainly worked in lending for a decade before running $. Not bragging, just conversation with a little mostly generic advice thrown in here and there.
Lost roughly 25% on the value of my investments from 10/07 - 3/09. It could have been worse.
Can tell me when that crash will be and how bad?
I read that book myself a LONG time ago. One of the very best reads ever, along with Benjamin Graham's "The Intelligent Investor" and a couple others.
Well, I've already been pulling back on equities a bit because all time highs demanded it - but how long can money be printed, fake numbers, manipulation and corp stock buybacks prop up the market? Probably longer than we think...until some market distortion causes an unforseen event...increase in rates, etc. What is the chance of a 2008 drop happening again? Decent, but average people and boomers have WAY less in reserve than they did then.
Flipped some into land and hard assets...silver at 5 year lows right now for a little insurance, 10% cash on hand...pay attention to upcoming biflation and stagflation. You can't sell all stock because of taxes and nothing is making any return right now. Maybe market goes to the moon because the dollar and our markets are the best of the worst? Who knows.
I was in finance and housing at one point and they same cycles make the same money which is why you keep seeing the same things happen. Will work until it doesn't.
