There is always a coming market crash. I have been though a number of them. I was just reading a note from Survive and Prosper e-newsletter talking about a coming crash. Harry S. Dent Jr said that in the 2008 crash the only place to hide was the US dollar and US Government Bonds. He said that asset allocation did not help then and will not help again. All stocks crashed.
Of course all stocks crashed. This happens when the market turns south. My stocks crashed too. However, they all came back and my portfolio carried on as usual. I have a dividend stock portfolio and the dividends just kept on coming in as they do in all stock market crashes.
I still think that the ones calling for a long slow recovery before a crash probably have it right. However, no one knows for sure. What is sure is that there will be other crashes in the future.
On my other blog I am today writing about McCoy Corp. (TSX-MCB, OTC-MCCRF) ...continue...
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Hi Susan. I'm new to investing. I'd like to believe I'm mentally and financially prepared for the next crash. When it happens, I'll be adding to my portfolio. Until it happens, I don't know how I'll react for sure.
ReplyDelete"When $%!# REALLY hits the fan, that’s when investors are separated from panicking apes, and that’s when I see which group I belong to". Dave L
When the market crashes, I avoid looking at how it is doing.
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