You have to take that into consideration in your planning. Don't go full prepper but do diversify your holdings. That's just basic anyway.

There is a bubble every decade. When you are saving over 40 years or more a single year dip every 10 years is fine.

Don't sell in the dip, buy in the dip.

The scary part of this one is that previously, we had administrations that, while still being right-of-center (yes ML, I know), had at least enough sense to prop things up well enough to recover.

I don’t have faith that the fascist goons will take any steps to properly protect anything (regardless of whether its the ideal system or not) and just let everything fall apart.

Considering all the damage just seems to be blatant wrecker shit trump is doing as “revenge” for who knows what, probably having his pedo time taken away by the imperial core (and under his watch too) I think he wants this place to burn and cooking us all is his sick revenge fetish at this point.

Fucking prick

If you live long enough, you've been through a number of bubbles. For me thats:

• Black Monday (1987)
• Dot com bubble (2000) which also bled into 9/11 economics impacts
• Great Recession (2008)
• COVID (2020)

The next bubble will just be another. Economy will slow, value of most assets will drop. Jobs will be lost, homes foreclosed on...and then the recovery will begin again. We'll look in the mirror shocked we survived it then in a few years we'll completely forget about it and be terrified of the next bubble.

So, prepare by living within you means, take care of yourself and your loved ones, and just be ready to weather the next storm. We'll get through that one too.

I don't expect to live long enough to retire. Any hope that I'd eventually be able to retire and enjoy life for a change went out the window in 2008 when the housing bubble popped.

In Canada at least you can have the funds pulled from the market and put in cash hold until you are comfortable with the market for RRSP/RESP.

Some banks will try to tell you you cannot do this or will charge you $100/month to keep it in cash. If they do, go to another institution and get it moved there. Many credit unions offer the same accounts with zero charges for holding cash.

I’m about 6ish years away from retirement (the goal is Dec 31 2031). I’ve been doing a lot of work in stock markets as a result of preparing for it. The thing with the stock market is you only lose money when you sell. If a bubble pops, but you don’t sell and you keep it in there, you will eventually make your money back and recover. Diversifying your portfolio also helps, if the housing bubble pops, the entertainment sector will likely grow because people need escapism. The AI bubble is huge right now and when that pops it will be worse than the dot com bubble, even though that bubble popped, websites are still around and that industry is larger today than it has ever been. Like websites AI is here to stay, and will eventually become larger than it is right now. It’s just time, wait it out and it will normalize.

I really hate how we all lived through a whole dark age and three supposed end-of-days before 30. Can't we get a break?

I guess This is my fault team. I wished for 2012 to not be the end. Stupid monkey paw!

Not great