I won't even mention all the "buy gold now" threads.
The "stock market is about to collapse" meme actually dates back to Carter years, when I was just a young pup getting started in this crazy life of mine.
Anyway, I guess I'm glad I never panicked and bailed out of the stock market because my holdings are valued higher than ever and if I really wanted to, I could cash out now and retire rather comfortably. So just a word of caution to those considering bailing out out the stock market. I've been hearing about the imminent crash for nearly 40 years now.
Oh I suppose we are headed for a major correction at some point which will precipitate an avalanche of "told-you-sos" here - but even if my portfolio was to be decimated in a 1929-Depression Era crash (very unlikely given the safeguards in place), I'd still be better off than if I had never invested at all.
Yes, with respect to stocks, there are many unwise investments out there that are overvalued and a house of cards ready to fall. However, there are many solid investments that are worth holding on to even during a crash. In fact, a stock market crash will present a buying opportunity for many who wish to get into some blue-chip stocks. One of the best moves I made was buying tech stocks cheap after the dot-com crash of 2000 such as Oracle, Amazon and Apple.
LOL, knock yourself out, we’ll see who’s right in the end. And who’s left standing.
Wise words. I didn't know what to do hearing words of an imminent crash the last couple times. I left my money in the stock market, took a beating losing about a third of my money. But it recovered, the rebound made back my money and more. I did better by not panicking. I did retire but haven't cashed out, even if I take another beating I'll still have a nice nest egg. I know people who cashed out and missed the rebound and they're struggling in retirement. Difficult choices are being made, some unwise.