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when considering this strategy , study 2020 , and that shook me up , yes i was lucky i had a fair position in 'reverse index ETFs ( instead of a pile of cash in the bank ) i had been stashing since September 2019 i was in the right place ( adequate liquidity ) for all the wrong reasons ( i was expecting a credit crunch , not a supply-chain shock )

without the disability pension as a back-stop ... things might have been much rougher

another fly in the ointment is companies that cease to be listed ( take-overs , delisting etc etc ) even top 100 ones , you are on a winner and in comes a whale and you are on the pavement with a wad of cash ( and desperately trying to find a good replacement ) for say OZL where i was VERY nicely up before the punch-bowl vanished

a nice compromise might be a solid LIC ( i class WES , SVW and SOL as LICs as well as the usual ones )

cheers

<blockquote data-quote="divs4ever" data-source="post: 1255158" data-attributes="member: 86149">when considering this strategy&nbsp;&nbsp; , study 2020&nbsp; , and that shook&nbsp; me up , yes i was lucky&nbsp; i had a fair position in &#039;reverse index ETFs ( instead of&nbsp; a pile of cash in the bank ) i had been stashing since September 2019 i was in the right place&nbsp; ( adequate liquidity&nbsp; ) for all the wrong reasons&nbsp; ( i was expecting a credit crunch&nbsp; , not a supply-chain shock )&nbsp;without the disability pension as a back-stop ... things might have been much rougher &nbsp;another fly in the ointment&nbsp; is companies that cease to be listed ( take-overs , delisting etc etc ) even top 100 ones&nbsp; , you are on a winner&nbsp; and in comes&nbsp; a whale and you are on the pavement with a wad of cash ( and desperately trying to find a good replacement&nbsp; )&nbsp; for say OZL where i was VERY nicely up before the punch-bowl vanished &nbsp;a nice compromise might be a solid LIC&nbsp; ( i class WES , SVW and SOL as LICs as well&nbsp; as the usual ones&nbsp; )&nbsp;cheers</blockquote>

[QUOTE="divs4ever, post: 1255158, member: 86149"] when considering this strategy , study 2020 , and that shook me up , yes i was lucky i had a fair position in 'reverse index ETFs ( instead of a pile of cash in the bank ) i had been stashing since September 2019 i was in the right place ( adequate liquidity ) for all the wrong reasons ( i was expecting a credit crunch , not a supply-chain shock ) without the disability pension as a back-stop ... things might have been much rougher another fly in the ointment is companies that cease to be listed ( take-overs , delisting etc etc ) even top 100 ones , you are on a winner and in comes a whale and you are on the pavement with a wad of cash ( and desperately trying to find a good replacement ) for say OZL where i was VERY nicely up before the punch-bowl vanished a nice compromise might be a solid LIC ( i class WES , SVW and SOL as LICs as well as the usual ones ) cheers [/QUOTE]

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