Is A Recession Coming In 2024? | Money Mind | Finance

Should you be bracing for an impending slowdown in 2024?

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#CNA #MoneyMindCNA #recession #outlook #finance

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[mikey]

Recession! Crash! Inflation! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.

[RomeroCarmen-]

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

[Johnmark-iqgg]

Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works...

[cesarmurph]

Recessions are frequently caused by outside forces, and it seems that the US dollar is becoming less of a government reserve. A new multilateral world order appears to be approaching given the waning capacity to manage inflation and the decline in the trade of stocks and oil.

[PatrickLloyd-]

Given the uncertain economic conditions and heightened global tensions, I'm considering investing over $400k in stocks. However, I'm uncertain about how to minimize potential risks.

[kansasmile]

if interest rates go up where should i look to put money into? I currently have $800k in a high yield savings account, yes I’m making gains but to what extent with inflation eating away at the dollar.

[gracegomez]

Recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be — and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.

[michaelbyz]

Everyone been saying economic slowing down and recession looming every year since 2013.

[edwinlim]

Just take it as reference only. In regards of recession or economy booming, still there are people made or loss fortune. Just focus what you need to do.

[temasekb]

when msm starts to talk about something, it will go the opposite way

[Melbn-dimi]

I know nothing about trading /investment and I'm keen on getting started. What are some strategies to get started?

[tkyap]

"The Only Thing We Have to Fear is Fear Itself". Wallow in fear or just go forward and be damned.

[fredrickalfarez]

Whenever I see videos speaking about money. I always wish people knew what I knew about money and how it’s not so difficult to hit your financial target if you know the right steps to take. Honestly, I see Not making upto a million before retirement as an unfulfilled retirement. I’m 54 and my wife is 50 . We are both retired with over $3million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on the FED for our misfortunes. Saving and investing lifestyle in the stock market made it possible for us this early. Even till now, we earn weekly.

[realnapster]

Economy is doing well only if you own stocks or massive amounts of real estate. It’s doing well for 0.1% richest of rich like Musk and Bezos. For an average Joe, things have never been worse. Stagnant wages, layoffs in all industries, rising loneliness and healthcare costs. It’s looking very bleak. American dream is dead as young families can’t afford to buy a house and rents are on a tear.

[Richardcarlett]

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[tuapuikia]

I can still see the long line to buy the iPhone 15 Pro Max. I don't think inflation and recession are coming 😊😊😊.

[chi]

Tax the billionaires. Recession is a man made disaster enforced by greedy greedy humans.

[starstriker]

We have been talking about recession since 2021

[shinramx]

3 months from ending 2023 is sluggish and recession is delayed at 2023 and starting bouncing back harder at 2024 ; Indonesia somehow already feels sluggish market and ecomony in last 3 months .... people all go wait and see to make buying a goods.

[HevaNaisdey]

The moment you buy, they sell and vice versa. The market is counterintuitive. REMEMBER!