One thought is to buy the dip and then wait to break even, another thought is: Will buying low during a recession work if I'm retiring in the next 3years, I'm no way near prepared for retirement and I just need strategies to scale up to atleast 2million by the time I'm set to retire
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth by $500k in the last 4 years.
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me . I have 260k i want to transfer into an s&s isa but its hard to bite the bullet and do it.
@Trevor Ogden Yes they can be positively impactful to an individual's portfolio. I started with a trust portfolio advisor named KATHERINE DUFFY BURKE. She is verifiable and her work ethic complies with the US Investment Act of 1940. Her approach is transparent, allowing full ownership and control of my portfolio with very reasonable fees relative to my investment-earnings.
@@CynthiaByrd648 I know I've wanted to start investing for a few months, but I just haven't been brave enough to start due to the market so far this year. Please how can I count with such skillset and what are her services like?
@@annabelle6232 She covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. You can take a look at her full name on the internet. She is well known and has many followers. So it shouldn't be hard to find her.
@@CynthiaByrd648 I searched for Katherine using her full name and she seems pretty tight and outstanding. She is a fiduciary who will act in the interest of the individual. so i booked a session with her
There was a time when we " made it here", we had jobs for everyone and the products were of high quality, then the 1% wanted everything. Now Inflation drives prices up and if Inflation is high and jobs disappear by the millions we are in a recession and maybe headed for a Depression…So be careful with your money. It may take decades to get back on pay again. Luck to all.. I've seen folks make huge 7figure profit in a crashing market and pull it off much easily in a bull market Unequivocally the crash/recession is getting somebody somewhere rich...
On occasion you can beat the market with blind luck, but I wouldn't depend on it. Having a science background there is a saying, 'Luck favors the informed', I've found it to be true, allowed me in great part to retire early...
@Lloyd Bernard Interesting. I've a lump sum doing absolutely nothing at all in my bank account, i wanna gets something started with it. You seem to be doing excellent for yourself, how do you achieve this?
@Lloyd Bernard Thanks for this mate. Her website popped up on the first page immediately I searched her, I read through her resume and Did my due diligence on her before leaving a message. So, hopefully she replies soon.
I pray to Almighty God 🙏🙏 to bless everyone in the Global World based on Friendship, Mutual Understanding, Peaceful Coexistence,Non Violence and Justice For All.
My greatest concern is how to recover from all this economic and global inflation and stay afloat, especially with the political power tussle going on in the US.
I'm one of her clients.... and I'm a living testimony of Expert Mrs. Pamela. She has changed my financial status for the best, all thanks To my friend who introduced her to me
She has been trading for me, her strategies are wonderful and she made me see binary and forex trade from a different dimension. I keep making profits weekly
He is obviously a fraud. He lobbied the inflation reduction act and criticized spending at the same time. He expressed sympathy toward Asian students and support affirmative action at the same time. Just read his interview with Bari Weiss. If I talk like that in a conference, speaking of so many self-conflicting things at the same time ,my colleagues (High energy theorists) will tear me apart….
As a Iranian woman I have to say Harvard University can forever graduate grateful, 🎓 unintentionally simple minded thinkers who engage everyone in wars. But then again you are sitting where Jack Kennedy left a few years ago...
Is Summers’ assertion, that the macroeconomy behaves like bacteria, based on experience ? Glad he learned from experience that a full course of antibiotics treats bacterial infection, but that’s based on completed Ph3 clinical trials before FDA approved the antibiotic’s indication. Has Summers completed commensurate controlled study on the effect/duration of interest rate increase on inflation ? I haven’t seen this tackled with the rigor needed.
@@tedg1609 No studies done on rate hike extent and duration on quenching inflation. That “a full course of rate hike” will work as well as a full course of antibiotics” reflects ignorance.
If voters had any brains, Larry Summers would have been a former two-term US president by now. Instead we had one guy selling Hope and Change and another saying he would Make America Great Again. At least Summers has a voice on the public stage and gets some people to listen.
@@daebak7370 I GUESS THE BANKING DEREGULATION OF THE 90S WHICH CAUSED THE 2008 ECONOMIC CRASH SITS WELL WITH YOU. NOVEL WAY TO LOOK AT ECONOMICS. SIT TIGHT FOR THE NOBEL PRIZE IN ECONOMICS
Please don't hesitate to call on foreign banks failure, when the Western nations just came out of recession, during the Bush period, when the interest rate was at 0.00 percent.
I am hoping to vote for President Trump for the second time, because he is familiar with the economy. That is not what I will say for President Biden. Unless of course if Senator Sanders runs...fatemeh
INFLATION COULD BE HELPE WITH LOWER DEFICITS BUT I WONDER WHETHER SUMMERS WOULD CUT ON THE IMPERAL REGIME CHANGE PROFIGLACY INSTEAD OF CUTTING LIFE SAVING MEDICARE AND SS.
Global economy needs to have arteries and veins for a stable and sustainable dynamic balancing. Now get into your positions, you know where you belong.
every crisis one of these “economists” is elevated for correct “prediction” and invited for left and right talking. it’s equivalent of I say it’s going to rain and you say it won’t. 100% one if us is an oracle
He doesn't just fling shit at a board and hopes it sticks... He spends his life thinking about this and looking at the data. Summers is one of the only ppl you can trust in good faith
Restock product price borrow rate in discount buy free crash normal vat interest vat crash international price borrow six point in November save demand why?
April crash save vat becuase price under vat long product investment detail price soft vat crash share price in December vat cut point in September why?
Restock price zero crash none rate share point long investment zero crash function point in demand becuase price vat save department to zero product why save discount cut vat return point use supply why?
Restock price zero price none rate zero crash product save price becuase crash cut demand finance in sale to crash discount left vat a seven point zero rent why no save?
I hope this gentleman finds the right time to go to Harvard University and finish his college degree. Because inflation does not exist in America or the world. Resort to my books, President Kennedy's writings and John Smith's elementary book on economy. Then speak about raising the interest rate higher than 4.00 percent. If you do, no one except the banks will collect the surplus money. And that is dangerous for people who have borrowed money to buy homes and pay for school. Yours sincerely Fatemeh Azinfar ⚘ Advisor to the President of the United States 🇺🇸
This guy is arrogant and clueless about the economy, I don't believe people pay him money to study economics ,maybe they just want to get jobs in government or financial institutions.
I have come to the conclusion we need to move away from payroll taxes and look to consumption. The black market money running around is massive and consumption taxes would pick it all up.
No more chat act on the tax collection s and reduce thewar fiiting by investment in water cleaning sewerage and education now no cost wipe out all debts and begin by sitting down and hearing others listening nit shouting at others listening . That now message us stay in anerica and that culture there it is not wanted most other places . So
Summers appears pretty nervous? What does he know about US Investors attempts to control Russian Industry? His involvement at Treasury as the stampede of Investors was working to buy Russian Business, seems to put him in some Cat Bird position to understand the motivation of the Investors who were then seeking to Buy Russia, and now appear to be attempting to drive Russian Business........out of Business? The US is not only losing European Friends, as Consumers demand Fuel for the fires of industry. They seem as well as to wonder if fuel will allow them to take Showers that are not tepid..... The Sanctions have driven Inflation over the top and Consumers all over the Planet seem to view the importance of Capitalism, as secondary to the ability to eat? Nice Jewish Boys like Summers, do not seem to have any of the answers that the world is seeking......
