The stock market plunged again today, as investors grapple with worries over Brexit - the UK’s attempt at exiting the European Union. And it’s likely to remain in a state of chaos until June 23, when they vote on the matter.
According to MarketWatch, a Bank of America Merrill Lynch survey showed that fund managers are hoarding cash at levels not seen in nearly 15 years. And those who are investing are choosing government bonds, which have pushed yields to records lows.
For the first time in history, the German 10-year bond, or “bund" yield turned negative for the first time, hitting minus 0.003%.
What? Why would anyone take a negative return? Fear.
Go ahead and pat yourself on the back for choosing steady 8-20% returns in real estate without all the drama of the stock market. :-)
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The post #084 – Brexit & Negative Bonds or “Bund” Yields Rock the Stock Market appeared first on Real Wealth Show | Real Estate Investing | Turnkey Rental Property | Cash Flow | Notes | Private Lending | Flipping | Wholesaling.