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by chii
2654 days ago
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> when the market rebounds a few years later. mean while, all their existing investments plummets. Unless you see them pull out of their investments prior to the crisis, there's very little evidence to support this claim that a financial crisis is good for the wealthy. If the wealthy has any choice, they would overwhelmingly choose not to have a financial crisis. |
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That's not a huge problem if you can cut expenses and live off the dividend income and your other assets for a few years.