Here's another thing that people are learning.
THERE IS NO SUCH THING AS DIVERSIFICATION!
Everything goes down together!
Bonds are down 10% in 2022. All stock sectors are down for the year except maybe Oil that's falling now. Crypto is way down etc.
Cash is @ Zero,
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1) Do NOT put money in any investment if you might need it in the short term and it's all you have.
In this case his advisor told him don't worry we will put it in Bonds and Stocks and you will be diversified. twitter.com/MasterBJones/s…