Let’s pretend that I’m 100% cash waiting for a crash, what happens to me if the crash never comes?

Yeah, but how long is too long to wait? My “friend” currently has $582k cash and is expecting a crash either in 2022 or 2023, but what if it doesn’t crash in that 2 year period?

It could be a great opportunity, but remember, shit is on razor's edge right now. Could the Fed allow a temporary crash without the masses flipping their shit? You have record high inflation, which is likely being offset by market gains people can see in their 401ks. If the market crashes, and inflation remains high people could very well be looking for a safe haven. The Fed is desperate for the masses to keep their savings in the system. They are desperate for the masses to not flood into commodities. Sivler is 50% of its all time high and is a highly manipulated money metal, everyone should have a position firmly established.

Piling up cash is not a proper preparation for a crash.

inflation eats your lunch

buy gold/silver
If the crash doesnt happen it goes up with inflation
If the crash does happen it wont go down as much and even could be used as currency if crash is big enough
You can also buy acres of land

What is? Don’t say guns and bullets because I don’t live in the US

Why are you investing like an ape? Never go 100% into cash, if you're scared about a crash go into precious metals, or keep 75% in crypto and 25% in cash. You're also controlling your own FOMO by not going all in on fiat. If a crash happens 145k (25% of your capital) is more than enough to hit half a million to a million+ if you buy an alt that's on 80% discount and it does a 5-10x (which it can easily during a crash).

>how fucked is my “friend” going to be
0% fucked because he already has half a milli are you retarded?

Precious metals have their own risks associated with them though

How do I know I’m getting real gold for starters and I don’t trust some goldbug sales person to scan the gold on his own equipment who could just have it setup to say anything is gold

I mean you could even try inspecting it in person and subjecting it to a number of tests to verify its authenticity. You don't need to let him "verify" it, and you can get someone who's specialised in it to do it for you.

If you don't want precious metals just go 75% crypto/equities and 25% cash. That's the best place to be in atm if you don't want to touch wealth preservation strategies but you still want some cash to buy a crash. Going 100% into cash is going to cause severe FOMO for you and you're going to have a negative rate of return when you ape back into the market then sell again at the first sign of weakness.

everyone is talking out of their ass. hedge your bets faggot