Why would anyone leverage at this end of the market.( or in this market atm). totally agree moe, one car for the two of us and never a new one.
Whilst i am yet to go through a bear and have given up work, i am over 50 own my own house and other assets. Plus i was only working pt and on my capital only need 10% pa to replace my earnings. So as i look at it the last few years have given me the rest of my working life at those rates.
My concern is not so much with losses but with profits untaken. dont want the tax ( esp for things like smn where i have not held for a year) but dont want to see them evaporate.
One of my concerns is the prevalence of index funds at the moment. So redemptions punish the whole index rather than the weak sectors.
