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re: Being "recession proof"
Posted on 7/8/13 at 1:53 pm to I Love Bama
Posted on 7/8/13 at 1:53 pm to I Love Bama
I understand the importance of "diversifying", but that doesn't really answer my questions here.
Posted on 7/8/13 at 1:58 pm to rintintin
quote: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.
I understand the importance of "diversifying", but that doesn't really answer my questions here.
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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