I marvel at the fairly constant posts predicting Stock Market CRASHes, home values being worthless, the US Dollar being worthless......etc, etc.
I keep some of these posts, and trip over them from time to time to see what was said, when, and how wrong they were.
Today I tripped over this one.... the poster had been told "by a very respected financial planner in his community that, using something very close to quantum physics (of all things)" he predicted in the Summer of 2009, that the stock market would start to crash, homes would be worthless, and that he should sell HIS home, too!
For 10 years now, I've tried to make decent investment decisions, while keeping a close eye on the "times in which we live" meaning, the end times, the soon return of Jesus Christ, and the challenging economic environment that has developed during the past 10 years...the past 5 years....the past 2 years....and what is happening around the world today.
It's TOUGH......making good financial decisions today is not easy.....but I cringe at all of the horriffic predictions I've seen in the last couple years.
That post from June 8, 2009 ended with "My brother, a banker, told me to get a second opinion..." I hope he did!
NONE of the worst predictions for 2010 have come true so far this year. The stock market is holding it's own better than most have expected. The US Dollar has NOT blown up (though it has slipped since it's high against the Euro in June)
I know of 2 investors who, in the past 12 months, in "conservative investment accounts" are up 11% (7% from dividends!) and the other account up 6% from more growth than dividends. It would have been a waste of their money to have done anything else during that time....like CDs or money markets.
You still NEED to make good financial decisions....what if Christ's return is still 10 years off????? Or 20 ????
I continue to say....national and world economies will NOT CRASH.....until the Rapture. That's my story, and I'm sticking to it! (lol...)
PPS....about 4-6 months ago, there was a post listing the dire predictions of about 20 "top" financial gurus in the US and around the world, all predicting the total collapse of the US and world economies mid year 2010, or in the fall. Time is running out for all of them to be right. One, Harry Dent, said it would start in August. Like predicting the exact date of the Rapture.....they are BOTH a tough call!
PPPS....(lol...I know....) However.....if Israel goes after Iran in November, all bets are off, depending on the response from Iran!
TICK TOCK...It is certainly a very interesting time to be a Christian, watching the events around the world....and hoping for what must certainly be "soon" to come....whenever "soon" is!