Bruh we're already there....just waiting for the brain to catch up with the dead body
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Constructed by expiring legislation that was timed for the midterms so they can blame it on dems.
We're already in a recession though
cool so what do we do, timing the market doesn’t work
Depends on your age and risk profile. Timing the marker doesn't lead to good gains. But being out of the market doesn't have a risk of loss. Statistically, you're better off in the market.
However, if you don't have liquid savings, get the buffer ready now. If you are looking at changing job, be wary of last-in-first-out. If you are taking on debt, like a mortgage, consider how that will go with a recession.
what are you sitting your wealth in?
hyperinflation can murder you being out
bonds are a joke with orange turd
land requires water or you’ll be holding the bag
metals are a scam atm
Ive got a mortgage. Everthing gets offset against it. My pension has been moved from high growth option to stable option and some cash. Designed for when close to retirement. Im still 20 years from retirement.
All options for commercial and reisdential property has been moced to zero. Share allocations moved away from usa. Im actually bssed in australia. Weve had a bumonin the last few weeks, just due to the us dollar loaing value. However the aussie dollar is already weak so its just moving back to long term averages.
Yes, inflation xan be a problem but its generally back in normal range here. Oil shock has not had as much of an inflation shock as in the past as were less dependent on it for all energy. I think el nino will be a biggee shock than hormuz.
Pull out of the stock market. Buy gold. Buy stocks when somebody smart says we’re officially in a recession. Sell stocks when people start going back to Whole Foods, or whatever your fancy grocery chain is. This is not real advice. I’m not a finance person.
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