Due to several triggers, next Monday morning all the major stock markets tank ~20% by noon EST. Down 5% more by market close. (For whatever reason you are unable to take any action before EOD)
"Several triggers" = some bad combination of events of both geopolitical (uncertain future), and institutional (ex American bank collapse), which results in several secondary system failures.
You set your alarm for Tuesday morning 8:45 EST. What do you do? (News @ 8am shows no new developments)
- The correct answer isnt a selection. Keep dollar cost averaging into the market.
- Everyone who says buy either 1) has far too much money sitting in cash, or 2) is stupid. Here’s why... You shouldn’t have anymore more than an emergency fund and maybe once months spending in cash, and you shouldn’t spend your emergency fund on stocks immediately after a collapse.
- That article consists of hyped-up assumptions built upon a factually inaccurate representation of BRK's report.
https://www.bloomberg.com/news/articles/2019-08-05/buffett-backs-off-stock-rally-as-his-cash-pile-hits-recordOct 10 0