How is everyone preparing for what seems like a pretty nasty recession?
^
Dude economy is still OK. Late cycle but not yet recession. Buy puts
You are wrong
How are you planning on making a few million through trading? Options?
Options, don’t expect to make millions unless you are willing to gamble $100k. 10x returns is possible if you have money to gamble. Make 10 bets with 100x potential over the next year - this is what I am doing. Most likely outcome is I lose my gambling money, I am ok with that.
I am buying tons of crypto. Recession is hard hitting and you wouldn't know until it is too late. I am getting rid of any cash, stocks and clearing al my bank accounts. I bought a 2 room cabin on an isolated piece of woods near a lake. Equipped it with solar. Moving in after the hunting season is over and I will be living off the grid forever.
How will you do oncall brah
After hunting season... So pretty much after the peak or early into next year. There is a starbucks 15 minutes from my cabin.
Short index funds
Learn from r/wallstreetbets
Learn and do the reverse
Plan to ride it through, as previous recessions. Timing the market successfully twice, once at the peak, and once at the bottom, is extremely hard. Overwight on quality companies with reasonable valuations, that pay dividends in excess of 2%. I do own FB, not sure what to do with it... I own bonds too.
hoarding cash
I'm stacking up food inside my garage and locking down doors and windows.
I’m only investing in job boards.
Not doing any specific to prepare, just saving like I always have.