But, instead of that money going to buy stocks and bonds, it turns into steady retirement income that continues for as long as you're alive, and
even if the stock market crashes.
And knowing that
even if the stock market crashes I still have a paid off house.
Not exact matches
I recall one of the clients telling me that diversification does not only apply to
stock portfolios because
even if you invest in different industries and
markets, the
stock market as a whole can
crash and you will still take a significant loss.
If Phelan was right, it seems we can't
even predict
stock market crashes after they occur.
Then in this case, you can afford to put a large portion of your investments in risky assets such as
stocks because you will still have enough time to wait for the
stock market to recover
even if it
crashes today (look what happened in 2008 and 2009 and where the
markets are today).
If bitcoin is the biggest bubble in human history, it must surpass
even the
stock market crash of 1929, when investors lost $ 25 billion, equivalent to hundreds of billions in today's dollars compared to bitcoin's present
market cap of $ 150 billion.
If that happens, there is the very real possibility of a
stock market or bond
market crash, perhaps
even both.