Come to think of it, you’re right!
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Posted on 12/19/2023 5:00:39 AM PST by Carriage Hill
As the clock ticks closer to 2024, one outspoken economist is making a dire predication about the markets in the new year. "Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, 100% artificial, which means we're in a dangerous state," Harry Dent told Fox News Digital. "I think 2024 is going to be the biggest single crash year we'll see in our lifetimes."
(Excerpt) Read more at foxbusiness.com ...
2029 would be more historic, no?
> Believe me, when you see your portfolio lose 40% of its value, it takes a great deal of discipline and faith to believe the market will eventually rebound… <
I agree with everything you said in your post. When I was (much) younger, I’d track my investments every week. Then I’d tweak a little bit here and a little bit there. All I was doing was wasting my time. And occasionally losing money.
John Bogle (the founder of Vanguard funds) once said that you should check your investments only twice a year. Rebalance at that time to keep to your target mix.
Now they have funds that do that automatically. They go by different names. But they all do the same thing. They rebalance, and they put you into more conservative investments as you get older.
If I had to do it over, that’s what I’d do. Set it and forget it.
Come to think of it, you’re right!
“...economists have predicted 9 of the last 2 recessions.”
Heh; lots of “stuff” being thrown at the wall, isn’t there?
Sounds very plausible to me...
The crash will not happen as long as there’s a shortage of homes in the US.
Let me guess, you still think Biden got 81 million real legitimate votes in ‘20?
I did the same thing in 2017 after the 2001 & 2008 disasters, so I’ll be able to ride the coming one out, pretty well. UNLESS, they force the CBDC (Central Bank Digital Currency) upon us and destroy the system, as we know it.
Yep!
and the problem is: those talking points are scheduled to be on the board here with a large group of supposed free repubic denizens... already present.
Yep, that's me. I came out of '08 not too badly...not bragging...it was because of dumb luck and fear driven adjustments in '07. Precious metal funds saved some of my aSSets.
The dems need a manufactured recession to start after DJ Trump takes office. That way they can blame it fully on him.
They will gin up some kind of major crisis for 2024, like a disease, cities on fire, a show trial, a series of bimbo eruptions against DJ Trump, or something more imaginative.
Your story sounds much like mine. Too much thrashing in the past.
Have you ever considered Vanguard Brokered CDs and Treasuries? They are virtually risk free with one caveat. Brokered CDs and Treasuries return rate is fixed and guaranteed but the market value fluctuates day to day. What this means is if you sell before maturity, you can lose money. However, if you're willing to hold the Brokered CD or Treasury to maturity, you will receive its fill face value at maturity and its coupon (interest rate return) throughout the time you hold the investment. IMHO - these are great risk free investments but the trick is to hold them to maturity. You can check out the rates here:
https://personal.vanguard.com/us/FixedIncomeHome
fill face value should red “full cafe value”
3rd times a charm: “fill face value” should read “full face value”
We are in the largest cash “bubble” in our history. Trillions in worthless dollars handed out like candy, in the name of “equity” and “recovery.”
The piper will be coming for his pay, sooner than later.
Oh, please. The left is like cockroaches, the only creatures to emerge after a nuclear holocaust destroys everything.
If it does crash before...you'll know the fix is/was in.
If it's Trump, expect(by design)all hell to break loose in 2025, as the deep state fake economy is pulled back...and he(Trump) gets all the blame(by design)...while the money-changers plot their next move.
Dent has predicted disaster for 20 years. He was great in 1993 when he wrote his first book, “The Great Boom Ahead”. Downhill ever since. He has predicted a giant crash for so long he has no choice but to keep predicting it now. If he’s right at this point it’s random.
“I came out of ‘08 not too badly...not bragging..”
That recession was fantastic. Lost money in stocks, more than made it up and more in real estate. Retired in 2009 and made more in real estate over the next 7 years than I did when ‘working’.
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