The 2023 Recession Just Started | DO THIS NOW

Let’s discuss the possibility of a 2023 Recession, how the stock market has performed throughout prior drops, and what you can do to make sure you’re best protected – Enjoy! Add me on Instagram: GPStephan

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THE 2023 RECESSION:

1. YOU WILL NEED TO STAY EMPLOYED.
In fact, just a quick Google search for “mass layoffs” gives you dozens upon dozens of companies who are trimming their workforce – and, as Bank of America warns: The Us Economy Will Soon Start Losing 175,000 Jobs Per Month. That’s why the largest financial losses will come from those who are unemployed, and don’t sustain their income to continue investing into the markets.

2. KEEP A 3-6 MONTH CASH RESERVE AT ALL TIMES.
For me, I’ve been using a combination of high-yield savings accounts that pay between 2.5-3.75%, as well as short term 3-6 month treasuries that are paying around 4.3%. That way, no matter what happens, I’m earning SOMETHING on my un-invested money.

3. THOSE WHO STATISTICALLY DO THE WORSE, STOP INVESTING.
Studies have shown that the average investor barely manages to outperform inflation, with a 20-year annualized return of just 2.9% – the reason is because they invest when the market is up, and stop when the market is down. Had they just continued to dollar cost average, they would’ve come out profitable long term.

INVESTING THROUGHOUT 2023:

First, when it comes to building wealth – it’s important to recognize that there’s ALWAYS going to be a reason NOT to invest. Conditions will NEVER be perfect, and most of the time, it’s best to tune out the news and continue on the same path, long term.

Second, Investing Isn’t A Game. 
At a certain point, you have to remember: if you are trying to BEAT THE MARKET AVERAGE…you’re either taking a carefully calculated risk…or, you’re making bets…and unfortunately…that’s a line that’s gotten way too blurred over the last few years. 

Third, overconfidence will DESTROY your portfolio. 
From everything I have ever witnessed…the MOMENT you think you’re smarter than the market and have it “all figured out”…you’ve lost. Because of that, it’s best to recognize that…the LESS YOU KNOW, the BETTER YOU WILL DO…because, you won’t overcomplicate the process or take unnecessary risk. For example, EVERY SINGLE STUDY shows that the MOST SUCCESSFUL INVESTORS just buy a broad index fund on a regular basis and hold for 20 years…that’s literally all you have to do…and, almost no one does it because it’s really really boring.

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