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> Rich get richer I don't know. If you assume rich people hold assets that are vulnerable performance wise to the exposure of equities, rich people are current
by MuffinFlavored 3y ago
> Rich get richer
I don't know. If you assume rich people hold assets that are vulnerable performance wise to the exposure of equities, rich people are currently taking a bath given that the S&P is basically flat (except for dividend reinvestment) past 30 months (SPY was $411.49 on Apr 9, 2021, today it is $412.55)
- cyberlurker 3y agoSure, but they can rebalance equities and carry those losses forward for years, reducing their taxable gains. They aren’t playing the same game as most of us. Having cash and taking advantage of treasuries and other loans is providing pretty solid returns as well. The rich people’s accountants have this covered for the most part, I think they will be fine.