No. of Recommendations: 0
I'm not really worried about the oft mention "Crash of '29" senerio. I think it is unlikely with current bank regulations and if it does the people with marketable securities and no debt will come out the best.

I hope I don't sound to much like my parents here but I doubt anyone has ever expected a crash. They just seem to happen from time to time. I agree with you I can't see another '29 senerio. I can see someone setting off a neutron bomb on wall street, or Iran/Iraq
detonating a low grade nuke.

I suspect the short term finacial fallout would be significant. For me a paid off house and 6 years cash seems prudent. I can't imagine trying to sell some stocks the day after to met some unexpected need for money. The test of time has proven asset allocation as being safest. If someone wishes to gamble on less thats ok as long as you understand your increasing your risks by not being diversifed.

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