"Again, not saying things aren't going to come down. Or that theres not opportunity ahead. But lets be realistic here. Generally, people that make more/save more can weather storms better."
Yes, unless they lose all their money as a result of being invested in an imploded hedge fund.
….And that would be a fool…..
Plus, my understanding is that to really invest in a hedge fund, you have to be more than just an upper-middle-class income earner. So how many of these folks in the $100-200k salaried folks have access to hedge funds? I would say very few. You would barely make the criteria to even qualify. Of course some of them could have been flippers themselves. Lot's of idiotic possibilities here.