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Updated almost 4 years ago on . Most recent reply

User Stats

6
Posts
3
Votes
Danny Smith
  • Real Estate Agent
  • Long Beach, CA
3
Votes |
6
Posts

Market Crash Coming? Or is it just me?

Danny Smith
  • Real Estate Agent
  • Long Beach, CA
Posted

Everyone's heard the legend himself Warren Buffet's advice, no matter the asset class. Buy low, sell high, and don't follow the sheep or what everyone else is doing. In today's market, it seems pretty obvious that there are just about literally a million times more buyers than sellers, yet everyone continues to buy. Sure, maybe interest rates are low, sure people may be scared to list their house because of COVID, and maybe even people have saved up over the economic boom of the last decade.

Whatever the reason is, we all see what's going on in the market, and it inevitably can't go on forever. If I have learned anything from long term investors, it would be that now would not be the time to buy. However, it is also very possible that this could continue on for a few more years, and I have a fear of missing out on that. 

I do understand that investing consistently in any market with the long term, "get rich slow" mindset is the best way to go, but I can't help but fear a recession as I enter my investing career. Would love to hear some others thoughts on this who have more experience than me?

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