Need some advise from some of you SMART investors. Not looking for any arguments. Save you smart-azz answers and try to be serious.
The Stock Market is headed for another crash and very soon. I am 100% totally convinced it is one gigantic oversold bubble. Call it a major correction if you don't like the term crash. But I am convinced a lot of people are going to get hurt badly. Again.
My question is, how does a little guy like myself cover his azz? And how can I actually turn a profit when this crash happens?
I have no stock holdings whatsoever. Everything was converted to Gold, Silver and Palladium Bullion some time ago. I am also holding some cash. I own a modest 3 bedroom Ranch style house outright and also own a two-family house collecting rental income with a very small mortgage. Both houses are in great shape with no problems or renovation work needed at this time.
I am age 55, wife 45, and we are both in good health.
What would you do if you were in my shoes?
What do I need to do to position myself to take advantage?