It is unlikely. But an even worse outcome also is possible.I'm in a very similar position to you. My grandfather was a stock broker when the stock market crashed and the Great Depression hit. Things turned out even worse for him than they did for your grandfather. That's why half my money is in bonds. I realize that a 1929 type crash is unlikely in my lifetime, but I'm not willing to risk it.I remember my dad’s stories of his dad losing his job during the depression and going from being the accountant of the American bridge company in Elmira ny to being the night watchman making sure the building was locked up. At age 63, I still have grand dad’s badge to remind me things can get bad. Minimize your maximum regret - my business school teacher taught me. My 35% treasuries helps me do that.
Statistics: Posted by Northern Flicker — Sun Jun 16, 2024 1:46 am — Replies 38 — Views 4634