Recently our plans for FIRE took a slight turn for the worse. It’s a reminder that paper profits can flatter your balance sheet but when the SHTF it’s all smoke and mirrors. The importance of liquidity is hard to ignore.
Anything which has a value which depends on the whims of individual buyers is a risk. Think fine wines, classic cars, private shares, property, antiques, stamps.
You could have just invested in a FIRE extinguisher!
Continue reading “How to put out a FIRE? Use Liquidity”