After a turbulent 2020, I’m positive about 2021’s outlook for stocks and real estate. We should see significant GDP growth (3-5%), a strong rebound in corporate earnings (20%+), and a massive unleashing of spending (saving rate back down to ~6%). As a result, there’s a high probability we will see new record highs in many major asset classes.
What’s concerning me is that the majority of us probably think 2021 is going to be better than 2020. Therefore, it may be hard to find the incremental buyer.
However, the great thing about asset bubbles is that they tend to inflate far past reasonable fundamentals. Therefore, even if you know things are ludicrously expensive, it’s worth hanging on for as long as possible.
2021 may be one of the greatest times to get rich. Let me share my 2021 outlook for stocks, real estate, and the economy. My beliefs will shape how I invest my money and spend my time.