Recession Proof Living
Here’s a somewhat decent article on ways to recession-proof your life.
Most of it is common sense. It can be summed up rather simply. Don’t over-spend, over-leverage, over-invest or over-work. Look for side-income opportunities and move if the local economy sucks.
Another aspect is what to invest in. Wealth Building Lessons has a good article on current investment opportunities that would also make good investments during a recession.
Smart money recommends investing in bonds during a recession.
Meanwhile Eric Haller suggests Prisons are the ultimate recession investment.
Maybe Rick Hilton can dream of an Hilton chain of prisons specially catered to the unruly offspring of the rich and famous. He can hire Paris Hilton as consultant on the project, now that she’ll have the relevant work experience!. Yet another arrow in the quiver for “accomplished” actress, singer, writer, night club owner(well sort of), fashion designer and drunk driver!
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- All Intelligent Investing Is Value Investing Today's post is courtesy of Wealth Building Lessons. This past year, the stock market has seen incredibly volatile swings. My non-retirement portfolio has been up 20% and then down to 0%. Twice. Of course, my portfolio doesn't have a direct correlation with any of the indices but it just as......
- How To Invest In Foreign Currencies & Foreign Stocks Previously I had mentioned several ways to invest for a recession or a major downturn in the US economy. In that post, I stated that one of the ways to hedge against the declining dollar (apart from my favorite method of buying gold) was investing in foreign currencies. Several people......
- Choosing where to invest It seems that GM and the american car manufacturers are having a tough time staying afloat. The November 14th edition of Wall Street Journal had an article titled " A Middle Class Made by Detroit Is Now Threatened by Its Slump" about how the car parts suppliers located around Detroit......
Related Websites
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- Weakon 314: Venture Capital and Angel Investing Weakon 313 talked bout private equity (PE). In it I mentioned venture capital (VC) as a type of private equity investment. It’s so big these days I found it merited its own post, or at least half of one, shared with angel investing. We’ll start with venture capital. Venture Capital......
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May 13th, 2007 at 6:03 pm
Hey, I’m Lacey. I was wondering if you might want to do a link trade with my Wedding Finance blog? My fiance and I are documenting our attempt at fundraising all of our wedding money.
Email me at lacey@savingforawedding.com and we can set up links. Thanks!
The site is Saving for a Wedding