I'm personally believe there is a possibility of a correction this year, but I am very often two years off in my predictions, so I have mocked up a little blow off top and a crash in 2024, hopefully this gives young people a few years to accumulate a large amount of stocks, as before 2034, if all goes well, stocks and the markets will go very well for everyone for a long period of time. a scenario in which there is a market crash in 2024 is actually very good for our children, and will help to reset the valuations of commodities for them and help to give them an abundant life over the next 60 years, so if your old, put all of that wealth into safe, inflation hedged place and watch the drama play out without any greed or fear. for now I am personally taking low risk actions and playing the long high probability game of long term investing, but I am ready for anything.
Remember always, that money is rigged to be worth less over time, so despite this prediction, money is still not a smart thing to have too much of, maybe a two years supply or a maximum of 20% of your wealth, but money is what money does, and money is fools gold, you can't take it with you and life is the accumulation of experiences, a wealth of experiences if you will. Live your life and let your wealth give you the ability to live your best life, you only get one shot at today, live your best day every day.
If you live away from geopolitical issues, don't try and predict their outcome, but keep taking the smart, high probability path and win, if you take risks, always protect the downside and learn from every mistake.
Remember always, that money is rigged to be worth less over time, so despite this prediction, money is still not a smart thing to have too much of, maybe a two years supply or a maximum of 20% of your wealth, but money is what money does, and money is fools gold, you can't take it with you and life is the accumulation of experiences, a wealth of experiences if you will. Live your life and let your wealth give you the ability to live your best life, you only get one shot at today, live your best day every day.
If you live away from geopolitical issues, don't try and predict their outcome, but keep taking the smart, high probability path and win, if you take risks, always protect the downside and learn from every mistake.
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unfortunately I am a bit late for finding perfect entries for trades that will last over one year, risk is still low on any trades in strong well established companies, such as google, paypal, etc.... play it safe, the next 12-24 months are for 1-2 year trades, after the (possible) major market sell off in about 2-3 years, then its a great time to focus on longer term trades of 7 years or longer, its not the worst time to invest long term anyway, I just wouldn't go all in on the stock market and would invest in all markets with the help of a financial advisor, because as you hopefully know, money is just paper, or data in a computer, its not real so who wants money anyway? good luck.
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testing the trendline again? I don't really like this, should see some good buying opportunities over the next few months/years. good times. maybe stay balanced, not high growth for a little longer.
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hi all, one last update for now. in my original idea, the chart i made was not very well thought out, and it should have included both of my ideas for the 2022 correction idea and the 2024 correction idea. in hindsight, which is 20/20 every time, if you were to research into some company valuations, such as Tesla, it was obviously a stretch to believe in the 2024 idea as represented by the chart, making that idea look silly in the end, it is not, after all, the dotcom bubble. I will therefore create a new idea as soon as I get time so that I can show my forecast for the next 1-3 years.
Thankyou for reading if you got this far, I appreciate it. I am trying to improve over time, I have learnt a lot of lessons since 2017, and I have matured a lot as a trader and an investor, and I will continue improving until I am one of the best. investing long term is easy, I do it successfully and so can everyone, but predicting and forecasting these shorter terms moves is difficult, and requires a lot of observation, practice, education and above all else, humility.
Thankyou for reading if you got this far, I appreciate it. I am trying to improve over time, I have learnt a lot of lessons since 2017, and I have matured a lot as a trader and an investor, and I will continue improving until I am one of the best. investing long term is easy, I do it successfully and so can everyone, but predicting and forecasting these shorter terms moves is difficult, and requires a lot of observation, practice, education and above all else, humility.