d2jsp
Log InRegister
d2jsp Forums > Off-Topic > General Chat > Political & Religious Debate > How Are You Guys Preparing For The Next Recession?
123Next
Add Reply New Topic New Poll
Member
Posts: 64,763
Joined: Oct 25 2006
Gold: 0.00
Sep 5 2021 06:59pm
Bought a house. Have a recession proof job.
Member
Posts: 22,265
Joined: Aug 17 2021
Gold: 1,546.83
Warn: 30%
Sep 5 2021 07:01pm
Quote (NetflixAdaptationWidow @ Sep 5 2021 05:59pm)
Bought a house. Have a recession proof job.


But what about people who don't have a house or a recession-proof job?
Banned
Posts: 20,182
Joined: Mar 1 2011
Gold: 0.05
Warn: 70%
Sep 5 2021 07:08pm
Quote (NetflixAdaptationWidow @ Sep 5 2021 05:59pm)
Bought a house. Have a recession proof job.


Well that's a given.

What about your brokerage account? Over passed year and a half I'm up 45% gains. I'm not taking financial advice but im strongly considering different investments and wait tell the market adjusts itself.

What are peoples plan on maximizing savings when the feds are raising rates? And bidens soon to be capital gains taxes?
Member
Posts: 64,763
Joined: Oct 25 2006
Gold: 0.00
Sep 5 2021 07:25pm
Quote (JessiWan @ Sep 5 2021 08:01pm)
But what about people who don't have a house or a recession-proof job?


They should probalby save their money and have a portion of their investments in recession proof companies like Campbell.

Quote (aaron9999 @ Sep 5 2021 08:08pm)
Well that's a given.

What about your brokerage account? Over passed year and a half I'm up 45% gains. I'm not taking financial advice but im strongly considering different investments and wait tell the market adjusts itself.

What are peoples plan on maximizing savings when the feds are raising rates? And bidens soon to be capital gains taxes?


My brokerage account is small so I'm only in high conviction companies with a lot of cash in the bank to weather anything short term (i.e. only one company because my brokerage account is only ~5k right now since all my cash went into my house in July). My 401K I trust to be adequately managed. If a recession hits and prices go down, you buy more. If a recession doesn't hit and prices keep rising, buy more. In the long run it all evens out.

This post was edited by NetflixAdaptationWidow on Sep 5 2021 07:25pm
Member
Posts: 22,439
Joined: Mar 3 2007
Gold: 96.11
Sep 5 2021 08:06pm
I'm putting my money into meme crypto coins hoping for %2,000+ gains.
Member
Posts: 22,265
Joined: Aug 17 2021
Gold: 1,546.83
Warn: 30%
Sep 5 2021 08:14pm
Quote (Handcuffs @ Sep 5 2021 07:06pm)
I'm putting my money into meme crypto coins hoping for %2,000+ gains.


I thought about putting some money in bit-coins but I felt that they were too volatile and risky. I don't know enough about them either.
Member
Posts: 64,763
Joined: Oct 25 2006
Gold: 0.00
Sep 5 2021 08:24pm
Quote (JessiWan @ Sep 5 2021 09:14pm)
I thought about putting some money in bit-coins but I felt that they were too volatile and risky. I don't know enough about them either.


Buy a graphics card. Mine coin.

Coin goes down, GPU maintains value. Coin goes up, money from mining.

E Z
Member
Posts: 22,265
Joined: Aug 17 2021
Gold: 1,546.83
Warn: 30%
Sep 5 2021 08:35pm
Quote (NetflixAdaptationWidow @ Sep 5 2021 07:24pm)
Buy a graphics card. Mine coin.

Coin goes down, GPU maintains value. Coin goes up, money from mining.

E Z

Haha, nah. Too high tech for me.
Member
Posts: 22,439
Joined: Mar 3 2007
Gold: 96.11
Sep 5 2021 08:40pm
Quote (NetflixAdaptationWidow @ Sep 5 2021 07:24pm)
Buy a graphics card. Mine coin.

Coin goes down, GPU maintains value. Coin goes up, money from mining.

E Z


What's your ETH mining coming out as in terms of mined v. expenses?
Go Back To Political & Religious Debate Topic List
123Next
Add Reply New Topic New Poll