Get ready now.
It'll be bumpy. I see massive cuts in 4 to 6 months. I wish I am wrong.
- Assets: Low Quality - OUT; Top Quality - IN.
- Stocks - OUT; Bonds - IN.
- Next: Growth - OUT, Recession - IN???
2 replies (most recent on top)
OP: Dude, Wut?
Tou: Sage advice.
You have power. DO NOT PANIC. Live within your means. Do NOT borrow.
Market takes a dive: STOCKS ON SALE! If you have money, BUY!
Whatever, do NOT sell! You only LOSE if you sell at a loss. The market WILL eventually come back.
Taxes still low: CONVERT DEVALUED STOCK FROM IRA TO ROTH IRA! Save a bunch on taxes, FOREVER.
Be patient. Have a plan. Then watch the market return with a vengeance and enjoy the result of you PLAN.
And hey: this could be a great plan even if there isn’t a recession!