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If the stock market falls by even just 80%, which is probably the minimum I'd call "wiped out" then things are bad enough that your savings account can't be tru
by Symmetry 11y ago
If the stock market falls by even just 80%, which is probably the minimum I'd call "wiped out" then things are bad enough that your savings account can't be trusted either.
- jzig 11y agoI strongly disagree with you and believe FDIC insured accounts can be trusted beyond a market fall of just 80%.
- UK-AL 11y agoMarket fall of 80% in a portfolio that has been diversified isn't that bad. Say you 50% in shares. It has lost 80% of that 50%. That's not so bad. You still have a chunk of savings. If goverment bonds loose all their value, it means goverments are close to failing. If real estate is loosing all its value. It means people have no money to buy houses If all 3 is going on the same time, some serious stuff is going and I'm not sure your goverment backed account is really that secure.