I was watching the news the other day (something I don’t actually do very often since it’s all rather depressing) and they had two ‘financial experts’ on telling people when the next stock market crash will be.
Apparently it’s ‘right around the corner‘.
And when is that exactly?
A few days after that I was watching a morning show and they had another ‘expert’ on telling people to put all their money in stocks because the market is about to ‘go crazy’ and people can double their money.
Now I’m lucky in that I ignore all of these so-called experts and test things out myself but I realised just how much people believe what they hear because my father in law is constantly telling me that we are about to have a second recession that’s worst than the first simple because he heard someone say it on TV.
And unfortunately most people tend to believe the doom and gloom ‘experts’ far more than the optimistic ‘experts’.
So who do you believe? Are we about to crash again or double our money?
Who knows! No-one, not me, not the ‘experts’ have any clue what the market is going to do tomorrow.
In January 2008 no-one correctly predicted the global financial crisis. Then you had an equal number of people telling you the market was good to those that told you the market is bad.
And it’s been that way the entire time that I’ve been investing in stocks. Some say it’s good, some say it’s bad. It’s enough to make any investor confused. So don’t listen to them. Find out for yourself.
The only thing I believe when it comes to investing is the numbers.
I believe that a good combination of strong fundamentals, stock price history and the company’s future plans are what can show us the difference between a company that will tank, and a company that is likely to make us a small fortune.
If you can do the research yourself and JUST look at the facts rather than listen to a bunch of ‘experts’ you’ll be a much stronger investor in my opinion.
So is the next stock market crash right around the corner? *shrug* can’t say. But my figures certainly aren’t indicating that.