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Royal Bank of Scotland tells investors “Sell everything”
- tboughen 11y agoMore here: http://www.theguardian.com/business/2016/jan/12/sell-everything-ahead-of-stock-market-crash-say-rbs-economists http://www.theguardian.com/business/2016/jan/12/sell-everyth... The most telling part of the advice is: “Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small.”
- kspaans 11y agoHahaha, in other words: "Please, customers, pay us commissions while you sell high and buy low." If you're diversified, with a long time horizon, even a "crash" just looks like "woohoo, cheap FTSE100 index funds!"