Stress Test Yes, the stock market will crash. Are you ready?
36 snips
Mar 11, 2026 
Aaron Hector, a wealth advisor at TIER Wealth in Calgary, explains market risks and practical portfolio steps. He talks about why recent gains may be abnormal and what could trigger a downturn. He discusses diversification, the role of bonds, where to keep near-term savings, tech valuation risks, and how young investors can prepare without timing the market.
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Recent Gains Are Not The New Normal
- Aaron says recent double-digit gains are outside normal expectations and planning assumptions should be closer to 5–7% annual returns.
- Using inflated recent returns to forecast future outcomes risks unrealistic expectations for young investors.
Uncertainty Raises Crash Risk
- Aaron highlights uncertainty (geopolitics, AI) as a market headwind and notes markets dislike uncertainty.
- He defines a crash roughly as a 25% equity decline and reminds listeners past sharp drops have sometimes recovered quickly but not always.
Don't Try To Time The Market
- Avoid trying to time the market because you must be right twice: when to sell and when to get back in, which most people fail to do.
- Instead, design a diversified portfolio you can emotionally withstand so you won't sell in panic.