Written a few years ago - has anything changed for the better?

Yeah, and you'd make millions selling an iconic religious piece of jewelry - melded by a supreme being of gold and diamonds!

In short, we diversify to protect against any given asset crash. Stocks, metals, real estate - but there are opportunities within each - even in a crash.

I have never been one to actively short any asset. I do however believe in going long on opposing assets (as proven last year by getting out of stocks - protecting the winnings and going long on metals). I didn't actively short anything - but I did take the opportunity to find the volatility and make a judgment call on future directions of each.

The biggest problem I see is the continued drum beating to "stay in" the market - and it's usually by those that make commissions based on your/our investments.

If you are able to book a good win - take it! Move it into stable value (money market/bond/cash) where you keep the win. So many people leave assets in 401k funds and don't manage them.

Last March when the market hit 18k and kept banging against it and retreating, I took the "sell in May and go away" statement to heart and moved the lion's share of our winnings into stable value funds. Inevitably the market did crash and we started moving back into stock funds when the DOW was down at 15k. We did the same again and leveraged volatility. We're also back out of the volatile funds.

As a separate tactic, I also invested in physical metals. Auction jewelry/coins, bullion, junk silver, etc...

Both have paid off - metals more this year - unless the stock market crashes again - in which it won't matter to us - because we're in stable funds with most winnings. If the market crashes again, I'll be a buyer - meanwhile our winnings are off the table and put away safely.

Research, invest, take winnings, diversify, save, research and repeat.

The key is always having some liquid assets to make moves when opportunities hit - both good and bad. Save for that rainy day!

 

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Brett brings up a great point in relation to "investment" people. investment bankers, etc make money by your investing money.

They'll rarely tell you to put your investment into cash on the sidelines as they make no commission on that. And they want you to buy "down" on an investment monthly .. why? they get paid when you do that irrelevant if the stock is heading towards bankruptcies.

It's interesting watching the "guidance" investment companies give on stocks .. just look at GoPro as an example. I have friends in GoPro. I told them to sell a long time ago when I saw their products displaced by cheaper products at the local stores. But their "investment" gurus told them to stay in. They did. Stock has plummeted since then. They've since fired that investment guru.

Do your own research. Join an investment club.
Make your money work for you and not someone else.

And, I always tell people, don't invest into something that you are "emotional" about. One never makes the right decisions on buy, sell, etc on those emotional connected investments.

 

I,m retired now at age 65. Doomsday has always been the talk since I can remember, it,s a great conversation piece. My only thought is to stay well diversified and never cross your chickens before your bridges are hatched!

 

Speaking of...

What do you get when you cross a chicken with a bridge? A chicken that doesn't have to cross the road!

Oh my, I'm in tears!!! Is this thing on? (tap...tap....) Hello?