(June 29, 2016 at 12:27 pm)abaris Wrote:(June 29, 2016 at 12:21 pm)Cthulhu Dreaming Wrote: I suppose that I too have not lost any money, despite my accounts being 5 digits lighter in USD than they were last Thursday - no currency exchange required.
If it's any consolation, I envy you for still being able to lose money. I lost that ability in the last global fuckup I didn't have any say in.
I feel for you. Do you have a decent national pension program in Austria?
I diversified into holding bonds as well as equities as a hedge against this sort of thing prior to the 2008 debacle - after learning a very expensive lesson in 2000. I still lost money in 2008, but not nearly as much as those who didn't diversify.
My rural home is still down to about 80% of what it was in 2007, despite the fact that there's a shortage of housing in my area. Sadly, the recovery in rural property hasn't been as vigorous as it has in urban areas.
