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jessquit t1_jc5wlle wrote

Reply to comment by WorshipNickOfferman in Silicon Valley Bank posted 'financial crimes' senior manager job listing just before closure by carolinaindian02

lolno, they gambled everything on interest rates staying low (despite everyone and their dog talking about the obvious inflation trend) instead of doing the actually risk averse thing and hedging

ridiculous take bro, banks don't go bust because they're risk averse. smh at your ironic edgy take at the end too

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san_serifs t1_jc6nd6b wrote

The sheer speed of this bank’s collapse is why I’m considering selling all my individual positions and putting it all in indexes.

Don’t want to go out for lunch and come back to a company I hold getting a 60% haircut while I’m eating a sub sandwich.

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ultramatt1 t1_jc78hz4 wrote

You don’t need to fully sell all the individual positions but the majority of your equity investments should definitely be in index funds

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