Post
Topic
Board Economics
Topic OP
Can One Get Rich During a Recession?
by
Davidvictorson
on 31/10/2022, 17:13:18 UTC
Recession is coming and we know it. In some places it is staring us right in the face. Unemployment, rising cost of living, increasing food prices, falling stocks etc are some of the negative effects associated with recession. Despite this seemingly bad news, Warren Buffet said “In short, bad news is an investor’s best friend”. And another quote goes thus "millionaires are made during a recession. I have been recently laid-off work due to the recent economic crisis in my country. I do not want to see this as a bad thing. So I ask what hidden opportunities does this recession offer? How can one take opportunity of the recession to become rich or at least not go broke?