HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Stocks drop again with Do... » Reply #13

Response to brooklynite (Original post)

Thu Dec 6, 2018, 10:11 AM

13. The inevitable crash and the upside

Every economist worth their salt has said that the markets are overdue for a recession/correction. Besides all of the obvious problems that come with every economic downturn such as unemployment, IRAs tanking, and the crushing of many middle class dreams, there are some upsides to a downward spiraling economy if you know where to look. I have been expecting a recession for the past year and have adjusted my investments to actually profit from such an occurrence and I have also taken steps such as selling my home at the top of the market only to buy again when home prices bottom out. You can passively ride out the recession if you choose and if you have the time left before you retire but that isn't my situation. I have to be aggressive with my decisions and act before the balloon bursts. No matter your situation, hang in there and don't think that you have to take the loss just because everyone else is. I lost 40+ percent of my worth in 2008. Never again.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 21 replies Author Time Post
brooklynite Thursday OP
riversedge Thursday #1
beachbum bob Thursday #2
Farmer-Rick Thursday #8
BootinUp Thursday #3
politicaljunkie41910 Thursday #4
IronLionZion Thursday #14
Mr.Bill Thursday #19
durablend Thursday #5
Farmer-Rick Thursday #6
beachbum bob Thursday #10
Farmer-Rick Thursday #11
beachbum bob Thursday #20
politicaljunkie41910 Thursday #16
Hortensis Thursday #7
Farmer-Rick Thursday #9
Hortensis Thursday #12
LineNew Reply The inevitable crash and the upside
Joe Nation Thursday #13
Farmer-Rick Thursday #15
Yavin4 Thursday #17
Joe Nation Thursday #21
knightmaar Thursday #18
Please login to view edit histories.