Three years is a long time in investment. It has taken that long to bring about a total change in at...
Three years is a long time in investment. It has taken that long to bring about a total change in attitude by investors to what they consider to be a 'safe' asset. But what is the definition of safe? Cash was considered a risk in the bull run, as it was a risk to be out of the market since the expected reward for cash was considered too small for that risk. Zeros have become notorious as a financial instrument that went from 'safe' to 'unsafe' in an incredibly short space of time. As the market hotted up the fact 'no zero has ever defaulted' led to many marketing them as low risk. Unfort...
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