Stock Market Crash Ahead

https://www.forbes.com ^ | Oct 23, 2023 | John S. Tobey Contributor

[PA-RIVER]

I did time the market perfectly, twice. And I mean to the exact hour, both times.

A few weeks before covid hit, the Dow Jones peaked on Abe lincolns birthday. I sold every bit of stock at the end of that day. The DJ slowly deflated for a few weeks and then dropped with covid. Perfection. I had a pile of cash and started to buy a month after covid hit. Major gains.

The last timing event I recognized, I knew it was about to crash, supply chain stuff, but I got overwhelmed with a loved one’s health crisis and never pulled everything .... but it all came back anyway, but it took a year.

[LittleBillyInfidel]

That’s a great success story, CGBG! Love that! I’m a real estate entrepreneur here in Colorado, so I know how difficult it is to score the property that you guys did, especially with a view! Just as with you guys, my wife and I are frugal in cars and our own house. We also got very lucky with finding the perfect mountain house. We bought it for next to nothing, with a gorgeous view of Devil’s Head and lots of elk, deer, and bear visitors. 🐻

[PeterPrinciple]

A BIG, BIG difference between GM and a government bond.

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Gm bonds should have been very secure historically but they changed the rules. Same thing can happen with a govt bond.

Also, there is still other risks in a govt bond, such as inflation.

There is no risk free investment.

[fatboy]

“...No debts, kids are grown and college paid for, no mortgage, only buy what we need. I have over 40 years of investing experience but I have no idea where to invest our savings to protect against both hyperinflation or another Great Depression. One or the other is likely, which one is the question.....”

__________________________

I don’t have 40 years experience investing but I do have a few years and like you, frugal, no debt mortgage paid, kids grown and paid for college and we are living off one of our two incomes, saving/investing the other. I have no clue where to put our money also. Not verry sophisticated but for now putting the max into our 401K and 403B (bond and S&P 500 index funds) and the other half in HYSA but I understand that we could lose it all in a disaster. The only thing that gives me comfort is we are in ten times better shape than most Americans because we have no debt.

[Fury]

There is no risk free investment.

Probably the lowest risk, most liquid is money in an FDIC insured account (CD, Savings, Checking, High Yield Savings, etc.)

[catnipman]

good question and i don’t have a good answer, but consider that many retirement plans such as IRA’s are self-managed and thus the owners can panic and sell too ...

the fact of the matter is stock market collapses do happen, the most recent one being when the world initially panicked over covid ... it was a ridiculous crash because stocks crashed across the board, regardless of whether the underlying companies were great companies or shaky companies ... there were fantastic opportunities then to cheaply pick up the babies being thrown out with the bathwater for those with cash and the guts to buy when everyone else was selling ...