Market looks like 2008 + Inflation
You been worried about inflation? How about inflation and recession at the same time? Me too, but I’ve been working on methods to mitigate losses and ways to succeed in the coming years.
Look at any commodity and you’ll see the similarities to 2008. I don’t want to be alarmist, but, it’s the truth. I got out of my positions in November and chose to not reenter. Stocks and commodities are hardly stores of value. It’s a shame but unless you’re prepared to short this market, get out, use your money to start a business in an emerging market, something that doesn’t rely heavily on commodity inputs.
Consider that people won’t have money going forward, they will, but it will be chewed up by inflationary elements of society. Buy tools, something that people can rely on your for. If you can’t use them yourself, rent them out. Find ways to supplement your income, and reduce your cost of living.
Maybe reducing costs isn’t that crazy, just go back to the old staples of life.Maybe by building a vegetable garden, buying your own weights and exercising outside of a gym, reducing to one subscription for streaming or find natural sources of entertainment, etc. - live more, but spend less.
This is the way to success in this next market cycle, because to be honest, owning land or bitcoin or other stores of value will help, but will still be be subject to taxes and the fluctuations of strength in the USD, CAD , etc. This still leaves you exposed to uncomfortable risks.
Hedge your investments in those stores of value with your own personal budget and expenses. It sucks, but you’ll be happy in 10 years when you chose to focus on your outputs and inputs in a more personal way.
This is just an idea but it’s something we should all be considering. I mean damn, wheat, oil, housing, it’s all at 2008 levels. Why not be proactive and get prepared for this next market cycle.
Look at any commodity and you’ll see the similarities to 2008. I don’t want to be alarmist, but, it’s the truth. I got out of my positions in November and chose to not reenter. Stocks and commodities are hardly stores of value. It’s a shame but unless you’re prepared to short this market, get out, use your money to start a business in an emerging market, something that doesn’t rely heavily on commodity inputs.
Consider that people won’t have money going forward, they will, but it will be chewed up by inflationary elements of society. Buy tools, something that people can rely on your for. If you can’t use them yourself, rent them out. Find ways to supplement your income, and reduce your cost of living.
Maybe reducing costs isn’t that crazy, just go back to the old staples of life.Maybe by building a vegetable garden, buying your own weights and exercising outside of a gym, reducing to one subscription for streaming or find natural sources of entertainment, etc. - live more, but spend less.
This is the way to success in this next market cycle, because to be honest, owning land or bitcoin or other stores of value will help, but will still be be subject to taxes and the fluctuations of strength in the USD, CAD , etc. This still leaves you exposed to uncomfortable risks.
Hedge your investments in those stores of value with your own personal budget and expenses. It sucks, but you’ll be happy in 10 years when you chose to focus on your outputs and inputs in a more personal way.
This is just an idea but it’s something we should all be considering. I mean damn, wheat, oil, housing, it’s all at 2008 levels. Why not be proactive and get prepared for this next market cycle.
כתב ויתור
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