If you lived in countries like Italy, Germany and Russia, you lost everything when those stock markets were closed down in the first half of the 20th century.
This may be true, but then we're talking about such large changes that investment advice sort of becomes pointless. I mean no doubt that life would have sucked in those situations, but there's no investment choice that would have saved you either.
Like, if we were sitting today contemplating WW3 breaking out in 1960, annihilating the civilized world, the market going down would have been the least of your problems.
I mean no doubt that life would have sucked in those situations, but there's no investment choice that would have saved you either.
Guaranteed saving, no. But keeping an emergency supply of highly portable wealth in the form of gold worked surprisingly well for most of those historical examples. (The ironic exception being the USA where we confiscated people's gold under Roosevelt.)
This may be true, but then we're talking about such large changes that investment advice sort of becomes pointless. I mean no doubt that life would have sucked in those situations, but there's no investment choice that would have saved you either.
Like, if we were sitting today contemplating WW3 breaking out in 1960, annihilating the civilized world, the market going down would have been the least of your problems.