Warning signs of ‘biggest crash in world history’ – how you could protect your assets
As inflation accelerates and seemingly secure markets like Chinese property continues to destabilise, investor concerns of an impending market crash are growing, but it can be easier to make money in a disaster than a thriving economy.
The ‘biggest crash in world history’ could happen as soon as this month, according to the author of ‘Rich Dad Poor Dad’ Robert Kiyosaki. He tweeted: “China’s Evergrande Group cannot pay. Valuation of properties fake. Will real estate crash spread to UK? Yes.” This daunting warning has left many investors fearful, especially since the month of October has a track record for stock market crashes, like the Wall Street Crash of 1929 and infamous Black Monday of 1987.
It’s also been advised that investors should not lead with their emotions, and now is not the time to panic but the time to plan, but what are the safest options for investors to look at right now?
Serial entrepreneur Gary Ashworth shared his own personal experience with making millions from market crashes: “During the 2008 financial crash, I went against the proverbial grain and bought a banking recruitment business. Its earnings had collapsed, its customers had deserted it, orders were cancelled, and recruitment freezes were the new normal. Consequently, the owners were panicking, having overstretched themselves – leaving the company without enough working capital.”
To read the article in full, including further insight from Gary, visit The Express.
