PCT: Recession Proof Your Investing v10.0 :
PCT = Pandas Coffee Talk.
US Elections again. Trump is back with his rhetoric wars drums. Profits from his meme stocks $Digital World Acquisition Corp(DWAC)$ Bullish. 23.00USD going 98.00USD based on last us elections chess history. Recommend you sell DWAC 3Days before US Elections. Like Cathie Wood sell all her BTC 3Days before SEC-approval of BTC Spot ETF. Winners must know when to quit as wins.
Wikipedia: US Presidents Terms GDP:
Clinton - Democrat = 3.8%.
Reagan - Republican = 3.6%.
Biden - Democrat = 3.0%.
Trump - Republican = 1.4%.
Just in case it is another Trump recessions. Below are what you should do in any Recession Investings era:
Data = in recessions everyone is out of jobs. So money difficult to come by. So no one have money to buy stocks making them deep cheap. Someone: millionaires are made in recessions. Me RickPANDA: whoever still rich in recessions become millionaires.
Steps in Recession Incomes:
1. Steady Incomes. Before recessions. You must secure enough incomes streams that will be steady in recessions. What? You only do that when you lose your jobs. Then you confirmed will lose your umbrella under heavy downpours. Because recessions are heavy downpours that will blow away mediocre umbrella.
2. Cut costs. You are to cut as much costs before recessions hit. Recessions mean jobs incomes decrease high costs still around. Why not cut all high costs just have basic costs whether recessions or high growth. When you are very low costs. Mean every month you have more money to invest.
3. Dollar Costs Averaging Investing. Keep DCA all growth tickers going at firesales prices.
4. Keep giving. JESUS CHRIST: when you throw out of door GOD throw into your window.
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