Did you survive the recession of 2022? Yes we were in a recession. It was a time to make a lot of money. Coming out of the recession in 2023 thru 2024 you could have made 100’s of % on stocks, I mean a lot of different stocks. Since I sold in December of 2021, I had cash to buy these.
Same thing this time. I sold off last December. When things get back to normal, it’s going to be a very profitable recovery.
The biggest issue during a recession is that you never want to sell any stocks to live off of. You will be selling more shares and your base will be lower for the recovery, which will take you much more time to get back to where you were.
This might be a good time to think about converting your ira into a Roth. Your earnings will be lower so you will pay less taxes and there could be a fast recovery instead of a long drown out recovery.
I’m glad someone is making it so we have free trade. The US has been taken advantage of for way too long. At least the WH is transparent about it and states that we will have a bumpy ride for a while, which again will make investors a lot of money. IMO, when China flips, that’s my pivot to invest, and we will be off to the races.
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