Reply to Does anyone else believe the impending financial crash will be bigger than 2008-2009?

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[quote=Anonymous][quote=Anonymous]This thread is a great example of why so many people fail to accumulate reasonable retirement savings.  Those who think they can read the tea leaves almost never actually can, and usually get burned selling low and buying back in high.  Good luck...  [/quote]

I’m mainly a Bogle subscriber. I keep 75% of my portfolio in index funds. At this time I’ve put them in international index funds like VTIAX. Im holding for the long term of retirement in 15 years.

But you all are delusional if you don’t think we are going to see some horrific economic pain from tariffs, subsequent layoffs, nations trading around us and doing BRIC things together, all while we lose our credibility by nationalizing stakes in companies, choosing compliant Fed staff to artificially lower rates and BLS staff to fudge employment numbers. You are comically bullish and it’s going to bite you in the a$$.

I took another $100,000 and put it all in gold ETFs or gold miner and precious metal ETFs. These will keep rising for the next while longer, at least several months or year or who knows, but longer. You should at least try to get outside your myopic state of mind. We have done permanent damage to our world standing. We might not see an S&P this high again for decades. It’s all playing out in real time. Gold is safe for now. Then on to buy IDMO and VTIAX when we get to the massive correction days that are on the horizon.[/quote]

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