Be you an institutional investor, a pensioner looking at your retirement portfolio, or a young 20 something looking to open your first retirement account, a problem facing all investors globally is that nearly every investable asset class is overpriced.
previous generations investing trillions of dollars into their pensions and retirement plans over the past four decades,
central banks across the globe tripling their respective money supplies,
as well as China’s economic success creating an investor class bidding up asset prices globally.
Through the years, I’ve noticed preppers tending to fall into one of two categories, when it comes to self-defense.
The first category is the survivalists who are all about guns and bullets. Their self-defense strategy is to outgun the other guys by having more firepower. The second is into other types of weapons. While they might not be against firearms in general, they don’t want to depend on them for their survival.
I have learned, earlier than most, that you cannot convince sheep.
Young people will continue to pay for over-priced worthless liberal arts degrees. Suburbanites will buy brand new cars they neither need, nor can afford, just to impress the neighbors.
Americans will spend thousands just to see The Super Bowl (which will not be any tangibly different than any other football game). And the sheeple will always and religiously stand in lines for hours during “Black Friday.”
But every once in a while I think I find a new insight, a new viewpoint that is so clear, so simple that even your rank and file American sheeple might be convinced of it. That this insight is so cunning, and so simple it could revolutionize the way people think for the better.
And so I hope (though am not hopeful) to convince many of you why investing in the stock market today is fundamentally stupid and on par with standing in line on Black Friday.
Once again, another year is drawing to an end; 2018 is soon to be gone and we will be living in 2019. To many, the start of any new year is a time of hope, a chance for opportunity, a time for making New Year’s resolutions.
It’s also a time to look back on where we’ve come from, as well as looking forward to try and see what the New Year will bring.
Of course, it’s easier to look back at where we’ve come from, than it is to look forward and see what’s coming. Last I checked, I wasn’t issued a crystal ball.
That doesn’t really matter though, as I wouldn’t have the foggiest idea of how to use it. Nevertheless, as preppers, we’re always trying to look forward and figure out what could be coming down the road.
Many of the things that people prepare for never come to pass. I still remember the panic over Y2K, which turned out to be nothing. But the fact is, it could have been something major. The whole idea of preparing for it was that we didn’t know what was going to happen, so we had to be ready.