By: Dividend Sensei
The stock market remains 31% overvalued. And Moody’s is forecasting a lost decade for stocks, with a 12% decline, or -1.2% CAGR total returns over the next 10 years. Chuck Carnevale is known as Seeking Alpha’s “Mr. Valuation,” famous for his “it’s a market of stocks, not a stock market” mantra. By this, he means that no matter what the broader market is doing or how overvalued it becomes, something wonderful that meets your investing needs is always on sale. You just have to know where to look…
(Source: Ploutos. Data as of the end of September)
That’s absolutely true. In fact, at the end of September, a full 44% of all U.S.-listed stocks – a total of 1,600 – were in a bear market, down 20%+ from their record highs…And that’s despite the broader market being very overvalued. This means that no matter how overvalued or volatile the market gets wonderful blue-chips are always on sale, for any possible goal, time horizon, or risk profile. This video article shows you how you can find the best long-term investment options to achieve your goals, such as a rich retirement.