Kerry Lutz's--Financial Survival Network

It's been a long time coming, but at long last the stock markets are heading downward. What seemed like an impossibility just a few short months ago has now become a stark new reality. Danielle believes that it could keep on tumbling until it reverts to the mean. Pity all the poor individual investors who've been searching for a higher yield. They could be wiped out in the process. A lesson that needs to be learned yet again. 

John and I have been warning you for years that the 2008-09 crash never really ended. While the stock market and asset prices went into a major bull market when the Fed started quantitative easing, this was never a pathway to long term success. We sacrificed major profits along the way. But the debt kept increasing at an increasing rate. Here we are at the end of 2018 and things appear to be coming apart at the seams. The DOW has gone down bigly and notwithstanding today's rally, will probably continue to do so. And if it manages to recover, so what, nothing has changed. The question is what to do next and John has some very strong ideas about that. 

CONOR RICHARDSON, CPA, is the founder of MillennialMoneyMakeover.com, where he helps Millennials master essential money matters. Richardson began his career in New York City, working in finance and accounting and running his own businesses. Richardson's business experience ranges from working with early-stage startups to publicly traded companies. He has been featured in Fox Business, The Washington Post, and more. Richardson received his Bachelor of Business Administration in accounting from the University of Georgia and earned a Master of Accounting and Professional Consultancy from Villanova University. He currently lives in Austin, Texas.