The ive lost a lot of money since the 19th of February thread

Things
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signing in

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@briantinnion how bad will this get?
you arent tied up in brent crude are you?

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Sorry for your losses.

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The big winner in all this will yet again be the Oracle of Omaha. He’s been sitting on a pile of cash for a few years and assets just got a whole lot cheaper.

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We’re looking at a serious downturn for the next two quarters imo and that’s assuming a worse version of the virus doesn’t appear later in the year with no vaccine available. Best case scenario is a six month recession followed by a sharp rebound.

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is cash king here lads?
i was considering just paying off debt now - pumping it into the mortgage

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Cash is always king.

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I’ve been putting my money away since the last recession for a crisis like this.

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Is a current account the safest place for money at the moment?

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A big safe

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Buy the dip

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Catch the falling knife

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Beware the dead cat bounce, lads.

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Something something something frothy.

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I’m wearing chainmail gloves