A global recession is coming in 2023 – make sure you’re prepared

[kevin42]

...and here I thought we were already in it

When I was in varsity they told us to start investing and to diversify. I started with US tech stocks and future technologies, so like Microsoft, Apple, Nvidia, battery and lithium tech, etc. I also did a tiny bit of crypto and the majority is in a local money market.

The first year or two there were good gains, like it had been for a while up until then in general. I also learnt a little phrase that goes "time in the market beats timing the market", so for the most part I would invest and forget, maybe just check it every now and then, because I had no reason to expect things to just go to the dumps overnight.

Everything apart from the money market is so far in the red now that I might as well have just kept the money in a savings account and I would have been much better off.

I feel like I got duped by boomer logic. The principals my parents used don't feel like they've applied at all these days.

 

[Harmonic]

I feel like I got duped by boomer logic. The principals my parents used don't feel like they've applied at all these days.

I feel the same way. What worked 40 years ago doesn't work anymore

 

[Hasie6]

I feel the same way. What worked 40 years ago doesn't work anymore

Haha, we going back 40 years or even wild west. No power , back to candles. Start learning to ride a horse and crop own veggies.

 

[Quicks]

Are you one?
Where are your threads about those 40%?
Or are you pretending to be concerned to balance your regular worldview?

have a chip on your shoulder

1. to seem angry all the time because you think you have been treated unfairly…

dictionary.cambridge.org

 

[Pegasus]

...and here I thought we were already in it

When I was in varsity they told us to start investing and to diversify. I started with US tech stocks and future technologies, so like Microsoft, Apple, Nvidia, battery and lithium tech, etc. I also did a tiny bit of crypto and the majority is in a local money market.

The first year or two there were good gains, like it had been for a while up until then in general. I also learnt a little phrase that goes "time in the market beats timing the market", so for the most part I would invest and forget, maybe just check it every now and then, because I had no reason to expect things to just go to the dumps overnight.

Everything apart from the money market is so far in the red now that I might as well have just kept the money in a savings account and I would have been much better off.

I feel like I got duped by boomer logic. The principals my parents used don't feel like they've applied at all these days.

Keep going. You’re doing the right thing.

Boomers have been though it a few times. It’ll get better.

 

[Wut]

Cash, gold and silver under your bed with enough firearms and ammo to protect it. This is how you will save your investments.

Pfff amateur... Everyone knows you have to bury it in an awesome treasure chest.

 

[zerocool2009]

Well, I can predict interest rates going up end Jan 2023.... lets see

 

[OnePlusOne]

...and here I thought we were already in it

When I was in varsity they told us to start investing and to diversify. I started with US tech stocks and future technologies, so like Microsoft, Apple, Nvidia, battery and lithium tech, etc. I also did a tiny bit of crypto and the majority is in a local money market.

The first year or two there were good gains, like it had been for a while up until then in general. I also learnt a little phrase that goes "time in the market beats timing the market", so for the most part I would invest and forget, maybe just check it every now and then, because I had no reason to expect things to just go to the dumps overnight.

Everything apart from the money market is so far in the red now that I might as well have just kept the money in a savings account and I would have been much better off.

I feel like I got duped by boomer logic. The principals my parents used don't feel like they've applied at all these days.

We are certainly living in a vastly changed world from that our parents experienced. Everything has changed.

Oh, and "principles". You're welcome

 

[holler]

...and here I thought we were already in it

When I was in varsity they told us to start investing and to diversify. I started with US tech stocks and future technologies, so like Microsoft, Apple, Nvidia, battery and lithium tech, etc. I also did a tiny bit of crypto and the majority is in a local money market.

The first year or two there were good gains, like it had been for a while up until then in general. I also learnt a little phrase that goes "time in the market beats timing the market", so for the most part I would invest and forget, maybe just check it every now and then, because I had no reason to expect things to just go to the dumps overnight.

Everything apart from the money market is so far in the red now that I might as well have just kept the money in a savings account and I would have been much better off.

I feel like I got duped by boomer logic. The principals my parents used don't feel like they've applied at all these days.

I think that we all forgot that there were lots of easy, essentially free (as in zero interest) money around that were looking for a home. People spent that money on purchashing assets and things, which pushed the prices of assets and things up, leading to asset bubbles and things inflation. Now that the taps have turned off, asset prices are getting more realistic and inflation should moderate.
It happened many times in the past and will happen again in future. Keep investing - fortunes are made during downturns!

 

[Quicks]

Deflection. Wow.
We weren't even one question in to the discussion and you try the chip card.

Back to the question... How does the 40% relate to your whining in here (which is what my post was about)?

Honestly I could not care less for those 40% You get what you vote for...
But it does not change the fact that SA has a problem and everything is deteriorating.

 

[kevin42]

Keep going. You’re doing the right thing.

Boomers have been though it a few times. It’ll get better.

I'm going to HODL until I see green again and keep averaging down as much as I can. I'm fortunate enough that I didn't invest with money I needed. I'd always pretend that I'd never see the money again if I invested and only did so if I knew I wouldn't ever need it immediately. Turns out that one principle worked

We are certainly living in a vastly changed world from that our parents experienced. Everything has changed.

Oh, and "principles". You're welcome

Indeed, and thanks. I've actually realised now I've been switching 'principal' and 'principle' for a while, woops.

I think that we all forgot that there were lots of easy, essentially free (as in zero interest) money around that were looking for a home. People spent that money on purchashing assets and things, which pushed the prices of assets and things up, leading to asset bubbles and things inflation. Now that the taps have turned off, asset prices are getting more realistic and inflation should moderate.
It happened many times in the past and will happen again in future. Keep investing - fortunes are made during downturns!

At this point I'm probably closer to buying a house cash than I am ever going to be able to acquire any kind of reasonable bond