A Lost Decade of Returns Lies Ahead

A Lost Decade of Returns Lies Ahead

“I lost $40 million.”

I remember reading those words from a subscriber email in 2002.

He sold his company in 2000 for $40 million and plowed all his money into the stock market. He didn’t buy the S&P 500. He bought the top internet stocks of the day.

Just two years later, as the dot-com bubble burst, he lost everything.

Friends, I am here to tell you we’re very close to that type of market top again.

I don’t know about you… But there’s no way I’m letting the fortune I’ve built over the last 10 years get vaporized by my greed for more.

You have to know when it’s time to go on the defensive. And I’m telling you, the time is now.

I don’t care if I’m early. People who stayed too long in the S&P 500 in 2000 had to wait 13 years to get back to even.

Some folks – like the fellow I mentioned above – never recovered.

I’d rather be a year or two early on my call than 13 years too late – especially when I don’t have to give up any potential upside still left in stocks.

I’ll explain what I mean by that in a moment.

I want you to remember a simple phrase that could save your portfolio over the next decade: “The higher the P/E, the lower the return.”

It’s not sexy. It’s not sensational. But it’s absolutely true. And right now, almost nobody on Wall Street wants to talk about it.

Instead, they want to sell you the fantasy that the next 10 years will look just like the last 10. That if you just “stay the course” with your index funds and long-dated bonds, you’ll be fine.

They’re wrong. Dangerously wrong.

We’re sitting on the edge of a new market regime – a slow-motion shift that will crush passive investors who aren’t paying attention.

Let me show you why.

A 48% Warning Sign