Current Economic Position
The economy of the United States is healthy. Unemployment rates are at the lowest point in many years. There are even some industries experiencing a labor shortage.
The vast majority of investing professionals believe that the stock market will continue increasing in value for the foreseeable future. However, Shervin Pishevar recently made a series of predictions related to economic growth. He firmly believes that the United States is going to experience an economic contraction.
Shervin Pishevar is a renowned investor who has years of experience running a hedge fund. He was an early investor in various technology companies. His most significant investment was in Uber. After making millions of dollars as a venture capitalist, he now spends his time helping investors manage their money.
Shervin Pishevar recently made the news when he spent an entire day tweeting numerous economic predictions. He thinks that the stock market is going to collapse and that the economy will take many years to recover. If he is correct, millions of people are going to be impacted in the coming months.
I have hundred+ DM’s and emails asking for help. Asking for patience as I get to each one. One entrepreneur reminded me I helped them years ago when they lived in a car and now they are doing well and need an accountant referral which I am sending. #howcanihelpyou https://t.co/CY6DtRdaiV
— Shervin Pishevar (@shervin) July 13, 2018
For the vast majority of investors, the stock market is the easiest way to save for retirement. Most people have a 401(k) option through their place of employment. Few investors understand how volatile the stock market can be.
In the last recession in 2008, the stock market lost nearly half of its value in just a few months. To prepare for a potential crash, Shervin Pishevar is warning clients to diversify into other asset classes.
Unlike many investment professionals, Shervin Pishevar recommends that people invest a substantial percentage of their portfolio into gold. He thinks the value of gold will increase tremendously in the coming years. Gold increases in value during times of economic calamity.