Are You Ready For The Next Stock Market Storm?

It was a scene I’ll never forget.

Gary Sinese played a double-amputee in the 1994 movie, Forrest Gump.Lieutenant Dan, played by Sinese, hollered into the wind of a storm. He was bouncing around in the crow’s nest of a shrimp boat that he ran with Forrest Gump.

“Me, I was scared,” said Tom Hank’s famous character.

But Lieutenant Dan yelled, “It’s time for a showdown! You and me! Come and get me! You’ll never sink this boat!”

He was supposed to be yelling at God, who appeared to eventually lend a hand to the hapless duo. The storm destroyed the other shrimp boats in the harbor. With no competition left, Lieutenant Dan and Forrest Gump soon caught plenty of shrimp and earned a fortune.

In a similar way, the next stock market crash will destroy plenty of investment boats. The seas have been calm. In fact, only one other time in history mirrors the previous nine years.

Image by Pixabay

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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (Wiley 2011) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use.

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2 Responses

  1. Subash says:

    Hi Andrew,

    Am in mid 30s and planning to start index investing. However am bit skeptical about global markets as most of them are nearly all time high and over priced. What is your suggestion for new investors during the current market scenario? Is it worth to start buying Low cost indexes or wait and watch for any downturns?
    Am not trying to time the market but not sure it’s the right time to enter market as well.. Also what is your opinion on investing crypto currencies like bitcoin and ethereum?

    Regards
    Subash

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