Quote:
Originally Posted by lordlad
Property fast crash please.....ppl will gonna burn.......but it will not be me....  |
I used to think that as long as i dont hold that asset class ie property, stocks, bonds, etc etc, then extremely recession / dips wont affect me.
That was until i went through the worst financial crisis in 2008/2009.
When there is fear on the street, and you see red in all counters so much that our govt has to implement the job credit scheme, and your own job is also on the line then u tell me that you want to see such a crash.
Even full time retirees are scared during such times.
I personally prefer the kind of "fear" that things are too pricely etc, than the fear of losing jobs because the latter has no differential for high performance individuals. u get the sack even if u are the best.
U can do something in the former eg run harder , faster etc, but the latter is survival.