How To Profit From A Recession
Recession can be a really hard time for some people but some make millions at that time.
What is a recession and when does it happen?
So the first question is the recession, it is a depressing economic time when a country GDP goes down for 6 straight months and people lose jobs stock prices get lower real estate are cheaper and there is no specific time when the market crashes so you never know when it's going to happen but it is going to happen at some point of your life.
How can I make money out of it?
well, you probably wonder how in a world someone can make money at such a time but believe me you can and a lot of people did a lot of companies made millions during the recession but the point here is how an individual like you can make money out of it the first thing is DO NOT PANIC!
When everyone is selling their houses, stocks you should not panic and you won't, you will be ready for that point, and remember MARKET ALWAYS BOUNCE BACK you just need some preparation.
Like WALT DISNEY once said:
“I’ve heard there’s going to be a recession. I’ve decided not to participate.”
what that means is when the economy is bombing and everybody is spending money you start saving, save enough money that you believe is best for recession like JACK WELCH said
NEVER MISS OUT AN OPPORTUNITY LIKE A GOOD RECESSION
but for that first you need preparation and that is saving money when everybody is spending
Wait for others worst and your best time:
After that, you just need to sit back and wait, you did the hard part that is saving, and at this point, you saved enough money now just like WARREN BUFFET said
Be fearful when others are greedy and be greedy when others are fearful
The recession time:
Now the worst time for the market is here people are losing jobs, panicking to sell their houses and the best time for your investment had finally come Stocks are lower real estate is lower, and with enough money in your bank account there are chances banks will give you a loan for real estate now invest it and wait for the right time because you now know that MARKET WILL ALWAYS BOUNCE BACK like let's take a look to 2008 recession if you would have invested in stocks 500 you would have made 4 times profit
My Personal Experience:
I have a little personal experience with recession too but it was not 2008 it was the bitcoin bad days in 2014 I was a school kid and I invested 100 bucks in bitcoin in April just to save my money and just in 2 years I made more than 200 bucks and if waited a little more I could have made 1000 or more but it was a good deal for me.