How I'm Investing During This Recession
I'm going to lay out what I'm doing simply
Things really kind of fucking suck, don’t they?
In January, I warned you all of the upcoming stock market crash. Since then, the market has seen record lows, and experts are warning that this recession may be around for years until we start to eventually rebound.
LISTEN: Carol Roth Describes How To Survive a Stock Market Crash
This whole situation has been manufactured by our Federal government, the World Economic Forum, and large corporations such as Blackrock and Vanguard who are buying up as many assets as they can.
ALL IS NOT LOST THOUGH.
I put out an episode a couple of weeks ago explaining how I moved out of D.C. a year and into the midwest, building my life up completely from ground zero.
I did it while the lockdown mandates were still in effect.
Since then I’ve tripled my net worth, improved my health, expanded my network, and even got married.
It was really fucking hard.
I don’t want you to struggle during the times we’re in. So here is an update on how I’m handling things and maybe you’ll get some insight from it.
Below are also opportunities for free cash, stock, and cryptocurrencies provided by apps I personally use, so be aware of that.
Be warned: this is not financial advice. I’m just a guy on the internet who is into this stuff and you should not trust my sole opinion as expert advice. Just trying to be transparent.
-Going Cash Heavy: Many folks will say saving cash beyond emergency savings in this heavy inflationary environment is a bad idea but I think the market is going to drop sometime before the end of the year farther than it did between February and June. This will provide a large opportunity to buy into companies I love at a great price.
-Fixed Automated Investing: I have a dedicated amount of my monthly takehome being invested automatically into my different funds every month. I dollar cost average most of the time but for the foreseeable future, I’ll be just investing the same amount each month while the market is so turbulent until the “bigger crash” comes and I use the extra cash I saved to go on a spending spree.
-Starting and Investing Directly Into Businesses to Increase Cash Flow: Earlier in 2021, I invested in a local business that was seeking private investors. I’ve also started another online business with a silent partner. I’m continuing to look into opportunities to work with entrepreneurs and venture capital groups, while also expanding the number of private contracts I take.
-Costco is King, Co-ops are Queen: A while back I discussed why I absolutely love Costco. Costco has saved my wife and I a ton on food and gas. I also became a part-owner of a local food co-op, which I highly recommend (most co-ops can be bought in at $200) because we’ve been able to get organic, consistent locally sourced meat and groceries throughout the supply shortage issues.
-Basics: Live within your means, spend less than you make, invest what you can, and increase your rare skills and talents to increase your market value and work opportunities.
Now, if you are lacking in any of those areas, here is a list of the apps I regularly use. If you aren’t currently using them, you could be eligible for sign-up bonuses:
-Robinhood (Get 1 free stock for joining)
-Webull (Get 1-2 free stocks for joining)
-Dosh (Get $10 for signing up)
-Coinbase (Get $10 in free Bitcoin when you buy or spend $100)
-Fundrise (Get $50 in Fundrise REIT shares when you make your first deposit)
Want a complete review of all these apps and also learn how to get more free stock, cash, and crypto? Click here.