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It is also pertinent to those who did, for at some point you will need to re-enter the equity market. We have some very worrying times ahead and even i’m worried and I don’t have a lot debt and a fairly secure job but for how long I don’t know. The losers are obviously going to be people holding cash, as ultimately they won’t be able to get returns on it, and it will be inflated away to effectively ‘repay’ the debt. If they bail out companies like airlines etc, what this really means the airlines will be paying staff to do nothing productive. Bank Stocks will drop affecting many people’s Investment Portfolios and Superannuation Balances. If people refuse to heed NATURE, she will eventually pull everyone into line. And most of those are living beyond their means and have done so for quite some time, often for emotional reasons rather than financial ones.
Yep, and another post put it pretty clearly as well that the rich will get richer. The prices will go down and that makes a bigger opportunity for those that have to acquire more while the people who are “have nots” will lose more, furthering the divide. Will not buy it again, BBUS missed most of the down movements of us market, so wasn’t as efficient for me as expected.
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