Shervin Pishevar is an accomplished investor who makes bold statements about the economy. He worked in the venture capital industry for several years, and he was an early investor in Uber. After making millions through his investments, he started offering financial advice to clients.
He recently tweeted for nearly an entire day about the future of the economy. Most of his predictions were bleak. He firmly believes that an economic crash is on the horizon. He is making changes to his portfolio to prepare for a recession.
Since the election of President Trump, the stock market has increased tremendously. Many investors believe the market will continue improving. However, Shervin Pishevar thinks that a massive stock market correction is on the horizon. With company earnings inflated more than ever before, he thinks the coming economic crash will be worse than the one in 2008.
To prepare for the stock market crash, Shervin Pishevar is moving a large percentage of his capital to gold. He thinks that gold is a haven in times of economic trouble.
In the last recession, the price of gold nearly doubled as investors flocked to safety. If his predictions become true, it is likely that gold prices will rapidly increase again.
Shervin Pishevar made multiple predictions concerning the future labor market in the United States. He predicts that the United States will experience a chronic labor shortage in the technology industry. Many of the best students are moving to other nations to gain valuable work experience.
Although Shervin Pishevar is not always correct in his predictions, he has a strong track record over the past few years related to financial issues. Some investors are taking his advice by selling stock and buying gold. Others are waiting a few more months to see if his predictions come true.