Good post and I agree with most of it but take issue with the "collateral damage" statement.
"This will crash the market 20-30%"
and
"too much collateral damage."
My dads retirement would be destroyed. So would tens of millions of people like him at or near retirement.
You dont consider this "collateral damage"? I certainly do. It is not my dads wish or mine that I have to support his basic needs in the twilight of his life.
Good post and I agree with most of it but take issue with the "collateral damage" statement.
"This will crash the market 20-30%"
and
"too much collateral damage."
My dads retirement would be destroyed. So would tens of millions of people like him at or near retirement.
You dont consider this "collateral damage"? I certainly do. It is not my dads wish or mine that I have to support his basic needs in the twilight of his life.
Remember March? You are thinking way too short term.
Rebalance into gov bonds.
The cash will rotate, the market will come back.
Is a diversified bond fund a good idea (some gov, AAA, BBB)? And then after the hit move it back?
https://greatawakening.win/p/12hkd6hiQK/stonk-frens-gme--rkt-whats-next/