I remember the doom and gloomers after 2009 saying the market will never reach 10,000 again in our lifetime.
I made 57% on one AIG fund when the market went down in Feb 2020 to end of December.
I would like to see another healthy correction.
Doom and Gloomers and crash hopers are all people who don’t invest. They want everything to crash because they are jealous of hard workers, business owners and investors.
This type of person has been predicting crashes forever and they always will. Meanwhile, over the last 45 years while they have constantly predicted crashes (often correctly), I started my own business with $150 and am now a multimillionaire, and it took about 40 years of ups and downs.
Because there’s this weird thing that happens after crashes. It happened after the crash of 74, the crash of 85-90, the huge crash of 2007, and the crash of last year. The secret is to have the courage to work and invest anyway.
My first business partner went from $4 million net worth to completely broke and bankrupt between 1979 and 1985. He picked himself up and was a millionaire again in about 7 years. He’s happily ‘retired’ now, as am I.
Get in the game, you may win or lose. Don’t get in the game you lose, period.
I got very very lucky in 2020. You can say I was one of those gloom and doomers and was completely out of all stock mutual funds. When I saw the huge sale of stocks in March 2020, I jumped in with both feet. Already sold funds in tax deferred accounts by end of last year. Still hanging on to stuff in taxable accounts. It pays to be a doom and gloom investor. Stay on the side lines and be patient. Markets always had a sale on stocks every few years.