Imagine for a moment it’s 2009 at the tail-end of the Great Financial Crisis, and I’m telling you to get aggressive with your investment strategy.
The economy just went through its worst recession since the Great Depression. At its worst point the U.S. stock market was down 55% from its all-time high in 18 months’ time.
If you were lucky enough to keep your job your salary’s been frozen or even cut. Your home value has decreased dramatically when everyone was saying for years that home values never decline. Family and friends around you are in dire straits as they’ve lost their jobs and their homes. 100+ year-old financial institutions have failed. The government is printing trillions to bail out some of these companies the terms of which are being decided by unelected bureaucrats behind closed doors on weekend evenings when the markets are closed with no transparency. Folks are “occupying” Wall Street to protest bailouts for the “1%.”