My portfolio is now composed of cash and gold, about 75% cash and 25% gold. I am reluctant to overweight further into gold, but I am considering it depending on what happens next.
This is the wildest financial situation I have seen in my lifetime, and I have been investing for multiple decades. I cannot find glasses tinted rose enough to make this look good.
Dang, how many hundred years old are you?
Wikipedia has some great history about market corrections and manias, going wayyyyy back.
Every major market crash has seen a significant recovery, in not too long a tiem period. Betting that this time, it doesn’t is playing against the odds.
The real problem for folks, is if they need the money now, or you want to buy stuff, would like to, but have spent all your cash. Most folks only have about 7% of their net worth liquid at any given time, making buying low hard. And it just gets lower, and lower, and lower. But, there will be the odd ball few, that will indeed pick this bottom, and become rich. I’d be willing to bet Uncle Sam is one of them.