Thursday, March 26, 2020

Note

During the coronavirus, there was talk of shutting down the stock market.

A good reminder, if you need it - really really need it - that money you put in the market won't necessarily be there.

Cash is king.

Also note - do you think if a pandemic wipes out 4-5% of the population that the life insurance companies are paying those claims? Here's a hint. They aren't. They're running out of dough. And so are the reinsurance companies.

If nothing else, this COVID thing should remind us (or reveal to us) how fragile all this shit is.

No comments: