To answer your question about picks on this service being profitable if a correction happens:
This year we faced the quickest stock market crash in history. Yet our Growth Bull List has returned 12.46% while the TSX has returned just 1.23%. Now keep in mind, during the crash itself, our list being primarily growth plays underperformed and took more of a hit. But over the stretch of 2020, we rebounded in a big way.
Our Dividend Bull List has also outperformed, returning 1.96% on the year compared to 1.23%. The small returns on our dividend end is primarily due to financials and oil we highlighted prior to the pandemic.
Every market crash is different. 2020's will be highlighted in a collapse in oil and financial stocks during March. And then as we continue through 2020, small caps and growth stocks have prevailed. In the next crash, we may see the opposite. It's truly impossible to predict.
However, a market correction in 2021 should be welcomed by long term investors. It allows us to scoop up solid companies for cheaper than they are right now. As long as our original investment thesis stays in tact, there's no reason for us to not be excited about the fact our stocks may go through a double digit correction. This seems crazy to say, but as long as you are in the accumulation phase of your investing career, why would you not enjoy something being on sale?
Now, as to IF it will happen or not, it's hard to say, and impossible to predict. I personally plan to keep a little larger cash position than normal, just in case it does happen. I usually carry very little cash, under 5%. But I may increase this to potentially even 10% for deployment if the markets do decide to take a bit of a dive.