"Everything goes down during a crash" Yes, that was the case in 2008. For about a year there were few places to hide including bonds. I was happy I had some money in solid insured banks, but even banks were worrisome.
My muni bonds recovered completely in 2009, and my blue chip stocks were back by 2011. Not one of my stocks reduced its payout during the Great Recession. One or two increased their divs.
But plenty of ultra high yielding stocks quietly went out of business or disappeared in some way, often by merging by a sister stock. Virtually all of them trimmed payouts.
Problem is many investors forget the failures, or are too young to know about them. And there's always "This Time Is Different."
I can't know what will thrive in the next financial collapse... but I have a good idea what won't!
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Because the Good Life is Just a Pump or Two Away
