2.7 Million
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I agree with @CareCPA...I believe you can. I'm no financial expert, but I could see the 08/09 recession coming 'as plain as day'. I got out of stocks early and redirected my investments into cash & bonds. Why? I saw friends getting new houses they couldn't afford and realized "this is crazy...it can't last...the market is going to have to correct".Recessions come in cycles but it's not like you can plan for it
Excellent point!We are currently in the second longest period in recent history without a recession in the US.
Car washes from what I read awhile ago when researching the business appeared to stay neutral throughout recessions.Sell lipstick or sell pizza. Both are recession proof and sales go up during downturns.
Please do, I'd love to hear your perspective.I could go into each in more detail
I created a "Misery Portfolio" with a $10,000 investment in each.
Citibank (8264 shares / $2.14 Basis)
Bank of America (2695 shares / $3.71 Basis)
Las Vegas Sands (4587 shares / $2.18 Basis)
AIG (22635 shares / $.4418 basis)
American Airlines (3236 shares / $3.09 Basis)
Ford (5319 shares / $1.88 basis)
GM (4673 shares / $2.14 basis)
March 3rd, 2009
Total Value: $70,000
Recessions come in cycles but it's not like you can plan for it unless you're that genius off The Big Short who predicted 2008. It could be 10 or 20 years.
I don't trust the official job/unemployment numbers either, and it's fairly obvious that this metric that has been adjusted to favor a particular outcome.These days (meaning the past couple years), I don't trust the publicly released jobs numbers. While I don't doubt unemployment is low, observation and gut feel tells me that employment trends are reversing. I recognize that my observation and gut are meaningless in the scheme of things, but in this case, the data I'm seeing doesn't reconcile well with the numbers.
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