For those still a little bit baffled by how the credit crisis started and then snowballed I recommend you spend 11 minutes watching this video. The concepts are very simply explained including: leverage, collaterised debt obligation and sub-prime. The knowledge will help you become a better investor in the future so that you can better understand the true risk of your investments.
Certified Financial Planner professional, Matt Hern has three times been awarded as one of Australia’s Top 50 Financial Planners by The Australian Financial Review Smart Investor.
He is passionate about guiding you on the right financial choices to achieve what you really want.
Matt Hern is an Authorised Representative of Sentry Financial Services Pty Ltd (AFSL 286786, ABN 30 113 531 034). All information is general advice only.
One response to “The credit crisis explained visually”
Thanks for that now I get it!