Does anyone else think a recession is coming up and the best strategy now is to stash on cash?
No take your fear mongering elsewhere. There are plenty of mormons in Utah who will gladly apocalypse prep with you
Not sure what you mean but you seem to have experience with those folks 😀
I don’t think so. Trump’s American First strategy seems to work.
😂 blind trump supporter. do u know what a recession mean?
He's busy struggling to understand the definition of "exonerated."
Stash cash in which currency should be the question?
You may want to move a good chunk of your 401k into bonds
It's tough to time that. If you plan to use the money soon your should do that, to preserve the capital, but if you have a 20 year timeline it may be better to ride it out. The trouble with timing in bear markets are that they are very choppy. It may surge the day after you sell or crash the day after you buy back in. Very hard to see the top or the bottom even when you know it's coming. In past recessions the people who held tight all the way through ended up coming out ahead but a lot of people who tried to time it got burned. On the flip side, those who do manage to time it perfectly can get a 30% or more gain by selling at the top and buying back in at the bottom. But you either need to be a stock guru, or very lucky.
How do you convert into that? Can you do while pretax? I am early 30s. Still have another 30y of employment
The bond yield curve is inverse right now and that is an economic inductor that has preceeded nearly all prior recessions in the US since 1932
What is the best source you use to stay updated with this?
I have been following articles and videos from my stock brokerage.
2020
Which brokerage do you use? Schwab?
Yes, I think they give excellent, well researched and independent advice.
I use them too. I should watch more of their content! Thanks a lot!
Do u understand ??? Teach us then
Yes, teach us ;)
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It is coming, but just like winter, no one knows when. Likelihood of a recession in the next 5 years is pretty good but when and magnitude and primary domain of focus is all up in the air
Damn, it's 5 years now?
Doesn’t winter come every winter?