things could get worse... recession coming?

things could get worse... recession coming?

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DISCLOSURE: I am not a financial advisor. I am sharing my personal opinion on all topics discussed in my videos. Please seek professional advice when needed.

[JacobPaul-np]

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 increase by $500k in the last 4 years.

[tonysilke]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[cherylhills]

For starters, unemployment rates have been climbing, which is putting a lot of strain on families and individuals

[kortyEdna]

I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300, 000, yielding almost no gains for quite some time.

[AaronGrosch]

Coming? It's here if you're in the bottom 75% of this economy.

[dustywilson]

We're already beyond a recession. We're in a "silent depression " ...

[Riggsnic_co]

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

[mckinneysoutdoorservice]

RECESSION hell we have been in a recession

[GTRrocker]

I was contributing 42% of my pay towards retirement just a couple years ago. Now I contribute 15%. That’s not from treats, that’s my wage not keeping up with post-Covid inflation and I had to cut from my retirement to maintain my very normal income lifestyle. This is 100% the fault of the fed printing money, the government spending, and corporate greed. I don’t think it’s fair to blame the citizens that didn’t do this to our economy.

[andreideac]

If you don't help yourself, nobody will.

[EalDieguez]

I'm almost 69. Just started investing with Robinhood in 2021. Hit the $200K recently with my portfolio. You can do it, by having a diverse portfolio, picking stocks with a good, supported dividend yield, track your yields and try for 6% or more, and buy some income stocks too. I only have about 30 stocks but I'm averaging $550/month in dividends and shooting for $700-800. With other investments and zero debt, I'm looking at a pocket money yield with my investments intact as an emergency liquid fund when I pull the cord at 70. I had zero experience and made mistakes, but my financial advisor Abby Joseph Cohen Services held my hand up to this point. You've got this.

[KirbyIneson]

I like to keep a small "in case the market crashes" fund to try and take advantage of the low prices. When the market goes south, I use that money spread out over the following months buying my targeted stocks on low days. on top of my usual DCA, They keep dropping and I keep buying. I'm still in on Renewable Energy, EV, Tech, Health, coins too. Gotta be greedy when others are fearful. At this point I'm grateful for my FA. Already with a 7 figure portfolio but I have no doubt investing more.

[quiana]

I definitely feel like we’re in a recession aleady and it’s just not being declared

[GillerHeston]

The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?

[nathanielcarreon]

Things can get worse is an understatement.

[putlife]

I feel there’s a percentage of Americans in a recession now I don’t know the exact percentage but I know I’m one of those people.

[Barada]

My brother and I shared a room until we graduated high school... then I joined the Army and got out of there as quickly as possible. :) Less than idyllic living conditions for kids just motivates them to cut the apron strings, move out of the house, and not rely on their parents well into their 20s and 30s.

[jgg]

Yes, people can change the way they live to make things more affordable. But the point remains. The standard of living is going in reverse, b/c wealth is leaving this nation and also going to investors. 100 yrs ago, people only owned 4 or 5 outfits, many couldn't even afford a radio, but they had a small home or affordable rent in a city, and a nuclear family. Now, everyone has a computer in their pocket and can't afford to have a roof over their head

[eliotness]

Recession is not coming. Its already here. Depression may be coming tho, it feels damn close to full blown depression

[noseporquien]

My job just stopped all overtime after about 2-3 years. I don’t normally work OT but I have a few coworkers who depend on that OT pay.