Video by Kiana Danial – Invest Diva via YouTube
Source
What does the SVB bank collapse mean for your personal finances? Here are 4 points about the second-biggest bank collapse in US history and what it means for you.
• SVB is way lower leveraged than Lehman Brothers and Bear Stearns from back in 2008. Those institutions had an interbank lending and credit loss issue so they were unable to borrow even when rates were effectively zero. SVB is not the same
• we knew a recession should be coming and is just being pushed further by the FED ( which is actually unhealthy… let natural cycles do their job, and we’ll start again fresh with a clean slate)
• Bonds are gonna be on sale soon, so I’ll be piling on short-term and long-term investment grade, government, and corporate bonds (not mid)
• Recessions make the most millionaires, but only those who are prepared and have a proper investment strategy can take advantage of it.
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