The forecaster who predicted the COVID-Crash 22 days early PLEADS with Aussies to heed next warning…

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My name is Vern Gowdie. In a former life, I was an award-winning financial planner. Today I run a private wealth advisory called The Gowdie Letter.

On 29 January 2020, I issued an urgent and unequivocal warning to my readers:

‘BANK YOUR CASH BEFORE THE CRASH.

‘If I’m right, the Australian stock market won’t go much higher before it falls by as much as 65%.’

On that day, the All Ordinaries sat at 7,135.

Less than two months later, it sat at 4,564.

A 36% fall.

One reader said I was ‘certifiably crazy’. Others were less polite:

‘You’re an idiot.’

‘Banks pay you nothing.’

‘The Fed will not let anything bad happen.’

But, as I reasoned, the time to panic and make bold decisions is BEFORE the mob wakes up to the fact the market is stuffed.

‘The time to panic is NOW,’ I pleaded.

Readers who took my 29 January warning seriously — and acted on it — are likely very glad they did at this point.

But that was then, and this is now.

The advice published by The Rum Rebellion has been prepared without taking into account your objectives, financial situations or needs.

Before acting on our recommendations, you should consider their appropriateness to your specific investment objectives, financial situation and needs.

If you are uncertain as to what your objectives and needs are, you should contact a financial adviser or stockbroker who is licensed to provide you with personal financial product advice

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