Coronavirus concerns have triggered the second-fastest market plunge into a bear market in history:
Stocks, commodities, cryptocurrencies — nearly every asset class — are being liquidated in a desperate panic.
We here at Peak Prosperity have long warned about the risk of such a “Sell Everything!” event (see here, and here, and here, and here, and here, and…) and have encouraged prudent investors to position their financial portfolios for safety in advance of such a sell-off.
Which is why we’ve often interviewed the professionals at New Harbor Financial, Peak Prosperity’s endorsed financial advisor. We’ve wanted to highlight to folks like you that there are proven strategies for reducing your exposure to sharp sell-offs, and inspire folks to take steps to protect their wealth in advance of the next one happening.
Here’s why this is so important.
Most traditional investors have just lost years of gains from their portfolios. For example, the Russell 2000 is already back to where it was in August of 2015, that’s 4.5 years of market appreciation vaporized in a mere 3 weeks.
Poof!
As I type, the Dow is back to the price it was in June 2017. The S&P 500 is back to October 2017. And the NASDAQ is back to Dec 2017.
So when I saw the continued market carnage this morning:
I called New Harbor to see how their general portfolio is faring.
by dogs_in_a_pile 
