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re: Being "recession proof"
Posted on 7/8/13 at 2:37 pm to rintintin
Posted on 7/8/13 at 2:37 pm to rintintin
quote:
Thank you, I was hoping you would reply in this thread.
Thanks. Us major trolls who are part of the international banking cabal don't usually get love.
quote:From an income standpoint there was no impact on me. I own my own business which is not related to manufacturing.
how did the recession affect you personally?
Of course, the stocks I owned lost value. Luckily, I pretty much cashed out my portfolio late in 2007 with the exception of a few long term holdings that would have required me to pay some pretty hefty capital gains taxes if I had sold them.
I suggested on this board in February, 2009 that the time was near to get back into the market. The U.S. stock market hit its recession low point on March 9, 2009.
I guessed correctly that one time and it paid off big for me. I more than doubled my stock portfolio in about 18 months after I wrote that post.
But don't let anyone fool you into thinking they know what's going to happen. No one does. Not even us international banking cabal members.....
Posted on 7/8/13 at 3:00 pm to LSURussian
quote:
Thanks. Us major trolls who are part of the international banking cabal don't usually get love.
Nah, you're still the enemy, but as they say keep your friends close and your enemies closer.
quote:
Luckily, I pretty much cashed out my portfolio late in 2007
What was your reasoning for this? Did you see it coming, or have did you have inside Intel from the central banking gestapo?
And if you wouldn't have cashed out would those stocks have rebounded if you simply rode them through the recession? Or did they never fully recover?
Posted on 7/8/13 at 3:28 pm to LSURussian
quote:
I suggested on this board in February, 2009 that the time was near to get back into the market. The U.S. stock market hit its recession low point on March 9, 2009.
Nice call
To the OP: Consumer staples is going to be a sector that performs relatively better. Also, if the economy is slowing and moving towards a recession rates should decrease so bonds theoretically should perform better. Specifically government bonds would be the better option because of the safety.
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