Read? Understanding Debt, Risk and Leverage
"debt-free and that, to me, is richness enough" - Tabitha Wang
Read? debt-free — and that, to me, is richness enough
Tabitha's life story is a good reminder to us that in the current low-interests rate environment it doesn't mean rosy long-term investment returns ahead. It may also unexpectedly trap us if we are too highly leverage in our investment at the next deep recession. Who knows it could be just a few years down the road from 2011 as economics and market cycles seem to be shorter now.