Post #2035 by OrmontUS on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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https://finance.yahoo.com/news/americans-more-mone...

Americans have more money in stocks than ever before. But while the market’s climb may be inflating their accounts, they are more exposed than ever to a potential market slump.

Direct and indirect stock holdings, including in mutual funds or retirement plans, accounted for an all-time high of 45% of households’ financial assets in the second quarter, according to Federal Reserve data.

The record-high stock ownership raises red flags about whether a market downturn could hit Americans’ personal finances — especially in an economy with an increasingly fragile labor market and stubborn inflation.

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The psychological blow of a sudden drop is not to be underestimated. The pain is generally thought to be twice the value the euphoria that one feels when winning - and when someone is not prepared to deal with that pain, they do stupid stuff.

I am currently trying to convince myself to bail more water out of the boat - and what goes will likely be US market stuff (and I'll just have to bite the bullet and help support the government. If Buffet can afford to hold cash, so can I.

Jeff

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