You may have worked hard all your life to gather some savings, buy a home, build a portfolio…but any ill-advised or poorly-timed financial mistake could set you back in time.
If the fire alarm is pulled, and everyone rushes for the escape, how would you fare? Would you make it out alive?
Here at Money Morning New Zealand, we feel that the responsible message is caution. Be cautious with your funds. Don’t overexpose yourself…because things could get hairy in a blink of the eye.
Let’s consider a crisis is imminent. In such a scenario, US stocks would likely fall…a lot. Stocks globally would be hit. Question is, could you shelter yourself from such carnage?
It’s coming. We’ve dodged the bullet this year. But we may want to start preparing for a crisis sometime between 2019 and 2021!
Today, most money is nothing but zeroes and ones on a server. When a ‘financial apocalypse’ strikes, the life savings of billions of people could evaporate in a moment.
The life of a perma-bear is tough…You err on the side of caution. You correctly call the red flags. You build your ark.…And the sun just keeps on shining.
if society collapsed tomorrow, how would you fare? Would you have what it takes to survive?
Markets can only collapse when everyone is fully invested and there’s only blue skies ahead.