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Cars are a really poor place to have your investment dollars during a recession, in fact they're a poor investment in general.
Poor financial investment or fun investment? I believe you can never invest too much into your own fun. Cars make us happy, therefore a great investment.
The only way to get hurt in a recession is to take money out of the market when stocks are down. If you wait them through, the market always goes up over time. Until the world stops making people, the market will go up over time.
Poor financial investment or fun investment? I believe you can never invest too much into your own fun. Cars make us happy, therefore a great investment.
Mr. Wolfe
Thats fine as long as you understand that.... parknig money in cars to ride out a recession is ridiculous.
The only way to get hurt in a recession is to take money out of the market when stocks are down. If you wait them through, the market always goes up over time. Until the world stops making people, the market will go up over time.
That's it in a nutshell. The economy has bounced back from every recession so far. Riding out the storm takes patience and discipline. Anyone who tells you they got burned did so because they sold their assets when the market was low.
That's it in a nutshell. The economy has bounced back from every recession so far. Riding out the storm takes patience and discipline. Anyone who tells you they got burned did so because they sold their assets when the market was low.
The people who got burned were the ones who had more money then they could afford in the market and lost their income or saw a huge decrease in Income and had no choice but to take it out and take the hit to survive. If you can’t wait for the market to come around again don’t put money in the market.
Thats why buffet never goes broke. He has enough money on hand to wait out the storm and cash on hand to buy more when the markets are low.