|Current Shiller PE Ratio: 29.30 |
Third highest in history. Worse than 2007 when the market dropped 80%. Worse than Black Monday of 1987. Worse than the Nifty fifty of the 1960s.
I expect the market to have a major correction in the next 3 years. Not tomorrow. Not next month, You have time if you plan.
You cannot be sitting in all US assets. Foreign companies should be at least 25% of the portfolio. Metal/bullion 5-10%. Cash 15-20%
Have cash then
- Own your house and plan to grow stuff. This is the lessons from all the depressions.
- Buy silver and gold to hedge in inflation environment
- Buy currencies/stocks of countries that have no massive debt