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>>Any scenario where the stock market declines by 99% ($100k to $1k) would basically mean the collapse of the entire financial system. Yet if you owned real es
by kamaal 11y ago
>>Any scenario where the stock market declines by 99% ($100k to $1k) would basically mean the collapse of the entire financial system.
Yet if you owned real estate[Land, Houses], they stand exactly as they are. While the numbers in the bank database turn to 0 after the collapse and companies go bankrupt and never recover. If you owned real estate, your money will recover in the very next turn.
- morgante 11y agoAgreed, but that's kind of off topic. Real estate is yet another asset class which should be included in a diversified investment strategy, but my point was that there's no evidence that money should be kept in a bank savings account.