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You can easily plan for such events. What if your house collapses due to some event that is not covered by your insurance and you used all the capital to purch
by avgDev 2y ago
You can easily plan for such events.
What if your house collapses due to some event that is not covered by your insurance and you used all the capital to purchase it? This is as an extreme example as the market dropping 50%.
Surviving market crashes is not rocket science, don't be 100% in stocks. Have a decent emergency fund if you have a family, have some bonds, have a house with decent equity, and don't subscribe to consumerism.
- kgwgk 2y ago> What if your house collapses due to some event that is not covered by your insurance and you used all the capital to purchase it? This is as an extreme example as the market dropping 50%. Quite a lot of people have experienced a market dropping 50% - not so many have seen their house collapse due to some event not covered by their insurance.
- avgDev 2y agoAt least the stock market has bounced back, can't say the same about that house.