Why You Should Not Fear Recessions.

Photo by Kenny Eliason on Unsplash

Be fearful when others are greedy and greedy when others are fearful — Warren Buffet.

If you don’t believe we are in a recession yet, please go and read our article about this. During recessions, everything crashes against fiat money. Stocks, bonds, crypto, commodities, real estate, everything.

Our only bet is to save as much money as possible to be prepared for what comes. If you are invested in some of the assets mentioned above, it is a bit late to sell now. It is always a bad idea to sell at a loss (unless you are leveraged or invested in shaky assets).

If you are still in profit because you are smart and bought low, kudos!

Here’s the thing: most people FOMO and buy when everything is up and euphoria is everywhere. In other words, they are greedy when most people are greedy. Don’t do that, please!

Do you know the saying, “Buy summer clothes in winter and winter clothes in summer”?

It is exactly the same thing. At the moment, a hard winter is coming, and we need to be prepared to buy. Yes, during and right after recessions, we must be hungry to buy like wolves. Why? Everything is at a 50% or more discount.

Okay,I understand. People are dying, and I empathise with them. I have donated blood and donated money every month to Ukraine, so I support them. However, we must also take care of ourselves and our families.

Not only that, it is a bad idea to save money for years or keep it in a bank because it depreciates a lot. We saw in just one year how consumer prices doubled. We must invest in assets that increase in value in the decades to come.

Now it is a lifetime opportunity to buy anything at low prices. Recessions and crashes are periods when rich people become richer and poor people become poorer because of the difference in mindset and perspective.

I intend to invest in the S&P 500, the NASDAQ 100, China A 50, Bitcoin, Ethereum, Palladium, Clean Energy ETFs, and, probably, real estate. What are you investing in? Leave a comment below.

Disclaimer: I am not a financial adviser and don’t recommend investing in anything as nothing is guaranteed. Everything I write on the topic is for informational and educational purposes only. Always do your research.

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