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Ok, let's assume people were reasonable and liquidated their portfolios after November 1929. Now they have cash, great. I may be wrong but didn't the value of t
by odiroot 5y ago
Ok, let's assume people were reasonable and liquidated their portfolios after November 1929. Now they have cash, great. I may be wrong but didn't the value of the dollar also crash?
It seems the safest option was to cash out and buy gold or land.
- bottled_poe 5y agoDon't forget to factor in capital gains taxes on selling. This is a strong behavioural influencer. Basically, unless you are very certain of a major downturn in your investment eg. 40%, it doesn't make sense to sell, ever!