They're Predicting A BIG Stock Market Crash
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- čas přidán 6. 04. 2024
- Is the market crash coming?
Dave Zoller, CFP®
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You should get an award for this post. Years ago, I started listening to/reading negative statements from Peter Schiff (you have him in there, too) and saying to myself 'OMG! The market is going to crash! The world is going to end!' Thankfully, I smartened up and ignore the nonsense from these clowns.
Thanks Jim!
My first degree is in geology. One of my professors used to say, “If you keep predicting earthquakes, you will eventually get it right”!
I've learned to ignore Robert Kiyosaki....
I recently heard a funny comment about people who predict market crashes. The saying was that these people have correctly predicted twelve of the last four market crashes.
I like it!
Very good talk. Kiyosaki is always promoting negative crashes. I remember my buddy cheering cause he was in cash for a year and 2019 had a correction. I tell him it was great you were able to time the correction and sat out. But, I question,, when do you get back in??? No answer lol. Controlling emotion is very good in crashes. The best thing to do is nothing...
Nobody knows the future! Apparently, especially Robert Kiyosaki! I didn't like his book either. 😛
Yes, a crash is coming. That's because a crash is always coming. Just factor in a market crash in your plans and you'll be fine.
Having an emergency fund, cutting back on spending when your investment is down, going back to work full time or part time, sharing cost with a friend or family member, relocating within the country, relocating outside of the country, living out of your car, living under a bridge. These are all things people can to while waiting out a market crash.
Brilliant video. Thank you so much. From your Irish follower...
Great video to keep things in perspective. It seems fear is more powerful than hope, unfortunately.
Timely video Dave with great examples! Particularly in the current climate. Thanks!
Glad you liked it!
Fear and worry helps and just a bit.......it helps you to be safe for the corrections, specifically for seniors. For those younger investors, you can be riskier. Turning 65 myself, I have more t-bills/bonds than previously. Thanks for this great video!!
Thank you for this, Dave. We always must keep these thoughts in mind.
You’re welcome!
Healthy advice, thanks Dave. Y
You are welcome !
Thank for this video 🙏🏾
You are so welcome
Great video.
Also, a broken clock is right twice a day. Apparently, Kiyosaki and the like are going for that but his track record isn't very good. I'm sure he gets a lot of clicks though.
Great intro and very funny how you stay serious while scrolling thru these tweets and videos
Thank you
You're welcome!
I worked on the Y2K project for a major bank. Great video. I’ve just stayed the course (probably a little too lazy about investments) over the years. It is a little harder to ignore the drama now that I’m close to early retirement (you could say past since I keep wimping out on pulling the trigger).
I’ve been around long enough to have experienced many ups and downs in the market, and the hold steady and make adjustments with good advice has been tried and true for me. 👍
Well said!
This is only the second video of yours I’ve seen and dude you crack me up. The first one was that Dave Ramsey’s reaction video where he says to withdraw 8% in perpetuity and you called out for your mom’s meatloaf. 😂 I’m subbed now.
Great video! Humanity has survived for so long by being on constant lookout for threats. But that backfires on us in the stock market. You've got to take the steps you outline in this video. Stay mostly invested with a few years of safe cash on the side to weather a storm, then when the storm actually hits, adapt to it.
Thank you!
I heard someone chuckle in the background when you spoke about the Congress.
Robert Kiyosaki has been shouting the sky was falling for years. All designed to sell his products, advance his ideology and support both himself and his image. Anyone who follows these type "predictions" as though they were factual and true, is a fool. Your best defense is knowledge and educate yourself, watch what is happening, have a plan and stick with it. Nobody knows the market, by the time you see it, the market has already anticipated it. Time in the market is more powerful and important than any attempt to time the market.
I know nothing about trading /investment and l'm keen on getting started. What are some strategies to get started with?
Keep cool and remain invested broadly into the world stock market for the long run. I wonder whether the gloom and doom predictors follow their own advice? If yes, they would be poor.
I wonder that too.
Thankyou for this message. I am a worry-wort and am susceptable to the doomsday scenarios. You are right though. Do the best we can and control what we can. Being bogged down by things out of our control is pointless.
Thanks for this comment!
It’s true keep buying shares
True but PE ratios and sales to price are way out of line. Also this quarter will be disappointing for sure because Irish govt corporate tax in q1 had a dramatic fall which tells us how the earnings are about to go. (Most public companies offshore their profits to ireland for its low tax rate and make up almost all of the irish corporate tax receipts)
Your tempered and realistic viewpoint is refreshing in the sea of doomsday videos. No matter what happens I’m going to gracefully ride it out just like every other time.
Thank you!
When?
They have been saying this for 3 years now. Nobody knows!! Keep investing and stay invested and quit listening to the so called "Experts"!!!. 10 years from now, it wont matter what happened this year or next year.
One thing to remember is that 100% of the times where there was a downturn, the market (Dow Jones, S&P) has recovered. Meaning that we continue to enjoy new record highs. All these “experts” make money when we click on their sites and or, they are trying to pump certain investments. Slow and steady dollar cost averaging will always be a best practice.
Crashes are certain if anything is. Predicting exactly when is the trick.
Very true
Well said. Mind you: the business cycle hasn’t been repealed. What’s more there’s good empirical evidence for “secular” cycles, Shiller 10 and 15 year p/es and so on. But “gloom and doom” isn’t a sensible basis on which to construct an appropriate investment strategy.
I read Kiyosaki's RD,PD decades ago. Thought it was hokum then, and apparently I was right to mistrust his judgment. That said, looking back at age 77, I wish I hadn't been so conservative with my investments.
Predicting can be measure
Keep guessing. If you guess enough times, you will eventually get it right and then you will be a genius.
IF you predict a crash often enough you will eventually be correct. thats when they crawl out of the woodwork with an "I told you so!" hoping everyone forgets the other %99 of the time they were wrong.
Yep.
If someone tells you they can predict the future, RUN AWAY!
Kiyosaki is discredited fraud. The whole rich dad, poor dad thing is a complete fabrication.
They’ve been saying this for over a year, and our portfolios are smiling!
What are you saying? That Robert Kiyosaki has been forecating market crashes for 15 years, while the S&P500 has continually been going up? Wow.
I’m sure Robert points to both of his successful predictions.
I'm not a doom and gloomer, but we've never learned about investing and have a bunch of cash in a high yield saving account. I want to invest on a valley, not a mountain... Is it dumb to just keep hoarding it and wait for the market to not be super high?
...so you're saying we are not all goiing to die because the temperature MAY increase by .5 degrees in twenty years?
Gold bugs are always talking doom n gloom, seems like that is the only thing that gets the gold price moving in an upward direction. Michael Burry is just as bad. I bet they were wetting their pants in 2020 (This Is IT!) only smart investors bought the bottom and the market never looked back.🤣
I’m not saying Kiyosaki is a snake oil salesman. But I will say that he is a salesman who specializes in snake oil.
If your fearful of a market crash you have a serious crutch as an investor. Take emotions out of it if you want to be successful. Investors lose more money making emotional decisions at the wrong time than any other issue. Develop a long term strategy and go with the flow. True market crashes are golden earning opportunities for those that control their emotions.
I disagree. Financial experts have managed to predict 12 out of the last three recessions…
so there’s that.
I looked at Steve van Metre's channel. If he averages 50K views, and posts 8 videos a week, he'll get about $4000 a week in ad revenue. That's a pretty good business model - although he does get paid in the cash he claims is trash.
Thank you. My rational brain knows that the fear mongering is overblown, but my lizard brain spins when I see the headlines. This talk is food for the rational brain.
I definitely understand that.
the bears are here
Fear gets the clicks. I assure you Janet Yellen will know there is a crash after she sees it on the news. Not one second before.
All the young kids at work get excited about bitcoin, we could pay them that instead of SS in the future.( okay, just kidding)
Are you Nostradamus? Stop scaring investors!
If you watch the first 60 seconds you'll see it's not scaring investors.
Great stuff in a field of charlatans. Thank you so much. 🫡🫡🫡
You’re very welcome.