SargeX wrote: Very interesting discussion. Totally agree on financial writers and just wanting to get views. Also as I've said, people have predicted at least 10x the number of crashes/corrections that have actually occurred. There's no shortage of doomdayers out there!!
I also totally disagree with the whole bond theory on protecting a retiree by making them feel better when stocks go down. Stocks
always eventually come back up and I have no doubt that stocks are going to do way better than bonds in the next few years.
I've been retired for 9 years without a compnay pension and my wife & I live off dividend income, our OAS, and my CPP. We are 100% invested in TSX listed divindend income/growth stocks with absolutely no fixed income, GICs, etc.
As I've been mentioning, even with our withdrawals, we keep hitting all time high for total porffolio value including just yesterday.
Ciao
Sarge
marketsense wrote: So right. Headline stuff from newspaper guys are just that. Its the equivalent of
click bait except you have to pay to read it. Now as to the issue about an impending
market crash, I can't remember a time when their hasn't been worries expressed
about the possibilities of a crash. Similarly, there is always a lot of market gurus
calling for extended rallies given moderate p/e's and improving earnings outlook.
So, what' an investor to do? If your young and trying to build, you buy a portfolio
of growth orientated stocks in various sectors and if you're old and retired you need
fixed income and good dividend payers with some growth. Market timing is really
a mugs game and comes down to luck and having some cash to buy after a crash
has occured. I've made the most money after crashes and have made less money
during the extended rallies. In both cases you need to have a strategy to cope
with each condition so you can sleep at night. Layer in and layer out works for me.