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re: Being "recession proof"
Posted on 7/9/13 at 7:33 am to rintintin
Posted on 7/9/13 at 7:33 am to rintintin
It wasn't my investment strategy so much as being laid off around having to live off my retirement savings to go to grad school and pay off loans.
All I'm saying is that millions of Americans were in no position to double down around that time for various reasons. It wasn't all about emotions or nervousness about the market. You had to be in position to take advantage of the opportunities that present itself when there is blood in the water.
I pulled out at the worst possible time (Jan 2009) and didn't get back in until 2011. Lesson learned....the hard way.
All I'm saying is that millions of Americans were in no position to double down around that time for various reasons. It wasn't all about emotions or nervousness about the market. You had to be in position to take advantage of the opportunities that present itself when there is blood in the water.
I pulled out at the worst possible time (Jan 2009) and didn't get back in until 2011. Lesson learned....the hard way.
This post was edited on 7/9/13 at 7:43 am
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