Mika
VIP Contributor
Whether you realize it or not recession can be a great time to build your wealth. The general rule of building your wealth is...
Start buying when everyone is selling and start selling when everyone is buying.
When everyone is selling, there is less demand and more supply, therefore, the price is down. You can buy when the market is down. When everyone is buying, there is less supply but more demand, therefore, the market is up, and you can sell to make profits.
What exactly happens during the recession?
Just by looking at the market, you can see what’s happening.
The stock market is down
The housing market has lost its market value
The Crypto market has lost trillions of dollars.
What should you do now?
Start buying stocks and flex your muscles in buying crypto assets. If you have a lot of money, you can also invest in real estate as the housing prices have gone down. Diversify your portfolio.
Start buying when everyone is selling and start selling when everyone is buying.
When everyone is selling, there is less demand and more supply, therefore, the price is down. You can buy when the market is down. When everyone is buying, there is less supply but more demand, therefore, the market is up, and you can sell to make profits.
What exactly happens during the recession?
Just by looking at the market, you can see what’s happening.
The stock market is down
The housing market has lost its market value
The Crypto market has lost trillions of dollars.
What should you do now?
Start buying stocks and flex your muscles in buying crypto assets. If you have a lot of money, you can also invest in real estate as the housing prices have gone down. Diversify your portfolio.