It's all based on sentiment. Why bother risking your money on volatile stocks when you can get 8% guaranteed on cash from the bank, or even more by paying down other loans you might have at the moment.
This volatility is going to be around for a while yet, so I have decided to reduce my exposure to stocks and pay down my loans. Only keeping a portfolio of proven winners that I believe will be strong through this volatility...and if I'm wrong and they all fail...I'm still sitting pretty...and if I'm wrong the other way and the market flies...still get a piece of it and can continue from there.
It's just like playing Monopoly as a kid...no use riskin it all on Mayfair in the hope that you are lucky, coz if you're wrong, it's game over.
It's all based on sentiment. Why bother risking your money on...
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