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Shares / Re: Devastating market crash. When ?
« on: July 08, 2013, 10:47:12 am »
The big question is how devastating will devastating be. As someone who one day plans to live of dividends, it's not something I'm worried about. In fact I think it might suit me.
Sure the total value of my portfolio will be down, but as long as the companies are still profitable, my total dividends will still be the same. It will mean that all the shares will be "going on sale". So for me that will mean being able to get more shares at a lower price. If I have cash on hand then, perfect, otherwise I'll think of pulling from my access bond.
Sure the total value of my portfolio will be down, but as long as the companies are still profitable, my total dividends will still be the same. It will mean that all the shares will be "going on sale". So for me that will mean being able to get more shares at a lower price. If I have cash on hand then, perfect, otherwise I'll think of pulling from my access bond.