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I'd be concerned for your financial stability if you need to liquidate assets as soon as you might miss out on two weeks' pay. There are a lot of people that w
by munk-a 7y ago
I'd be concerned for your financial stability if you need to liquidate assets as soon as you might miss out on two weeks' pay.
There are a lot of people that will really struggle in the coming weeks or months, but the venn diagram of those folks and people with a significant presence in the stock market is really quite small.
- azinman2 7y agoNot sure where you're getting 2 weeks pay from. Many in the professional class will lose their jobs in a contracting market (there will be losers), and finding a new job will take much more than 2 weeks. In the mean time, there's still rent/mortgage to pay amongst other expenses. Not everyone keeps a lot of cash liquid. There's also a difference between selling some stocks and liquidating your portfolio. It's not all one or the other.