How to get rich during recession?
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Answer:
During the last downturn, I lost about 35% of my net worth in about six months. I don’t plan on doing that again.
Losing 35% is not as bad as the S&P 500 losing ~60% during its worst period, but it still hurt like hell due to the speed and absolute dollar amount of the loss.
At the end of February 2020, the S&P 500 lost 10% faster than any other 10% correction in history. As a result, if we are equity investors, we must be extremely vigilant in guarding our ne
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Answer:
Invest in 5 sectors
Explanation:
1 . core sector stocks
2. reliable dividend stock
3 real estate
4 precious metal
5 invest in yourself
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