Here’s something to scare the pants off of you. According to what seems to be a daily article in the financial media about the next financial crisis, it’s “apocalypse now”. Go have a laugh or cry, I mean read.
My thoughts:
Yes, the next big crash is always right around the corner according to the financial media who is just dying to get your attention and page views however possible….They’ll be right eventually and it will only matter to you if you have your risk tolerance and asset allocation completely wrong. Otherwise, the world will go on spinning and human beings will go on making amazing goods and services that will very likely be more valuable 3, 5 or 10 years from the time of the crash….
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.