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