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by ankaAr 1497 days ago
Don't save cash, invest. Inflation will eat your money if you save the cash under your bed.

Open new business, people will stop spending on unnecessary things, but think what every people needs every day.

Labor will be cheaper, think about that.

38 years living in Argentina, you move fast or you die.
1 comments
muzani 1497 days ago
With stuff like crypto and stocks plummeting, they might be worse than holding on to the cash.

Personal skills are always a great investment IMO. If a country's economy implodes, there are still other countries doing better and hiring. Someone with good skills is going to have an easier time.

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MacsHeadroom 1497 days ago
No, they're better for holding* (and buying). So long as you won't need to cash out during the recession, it's the ideal time to hold and to buy.

Conversely, a bull market is the ideal time to cash out.

aka "Buy low, sell high."

*Assuming they'll still exist after the recession. For example, I would be weary of equity in the subset of relatively young companies which DON'T have record lay-offs in the next two quarters. (Failing to preemptively trim more than just fat is a big red flag.)

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