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re: Being "recession proof"

Posted on 7/8/13 at 1:53 pm to
Posted by rintintin
Life is Life
Member since Nov 2008
16350 posts
Posted on 7/8/13 at 1:53 pm to
I understand the importance of "diversifying", but that doesn't really answer my questions here.

Posted by eelsuee
2B+!2B
Member since Oct 2004
4508 posts
Posted on 7/8/13 at 1:58 pm to
quote:

I understand the importance of "diversifying", but that doesn't really answer my questions here.
It is an indirect answer to your question. If you are diverse, you defend yourself against a single area of the economy. It isn't recession proof, but it will allow you to ride through recessions.

If you want recession proof, you will have to sacrifice earnings for it and probably be susceptible to inflation, like CDs.
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