Tue Apr 09 2024, by Tyler Gardner
How to Invest Your Money During a Recession
Hey Dad, is it true we're entering a global recession?
Yep.
So what do I do with my money in a recession?
1. Focus on Healthcare
Well, are people still going to get sick and need healthcare in a recession?
Yeah.
2. Essentials Are Still in Demand
And are people still going to need groceries and basic home goods during a recession?
Yep.
3. Consider Pet Care
Are pets still going to need to be fed in a recession?
We need to keep feeding our dogs.
4. Look at Banking Opportunities
Are banks going to make more money if they lend out their money at higher interest rates?
Yes.
5. Invest in Government Bonds
With those higher rates, could you make more money by investing in government bonds?
Yes.
6. Lifestyle Choices
And are people still going to smoke, drink, and gamble during a recession?
I'm 14, so I can't answer that question in good faith. But my older self says, yes.
Conclusion
Okay, good. So where do I invest in a recession?
Really? I literally just told you.
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