Post
Topic
Board Economics
Re: Can One Get Rich or At least Not go Broke During a Recession?
by
tabas
on 05/11/2022, 09:02:54 UTC
For people who have been saving funds before they lose their jobs, that would even open some door of opportunities like investing in crypto or in real assets that would likely to gain huge profits in the future.
That's hard to do even if they've saved that much because what they'll think about is on how to survive having no job. That savings they've got will be used for it and that's why most of them barely will invest into assets like bitcoin. I'd tell them to be enough thinking about huge profits because that won't come in an instant after by just investing but it will require them a lot of time and patience until they meet it. Because it's unknown how long will they remain jobless and even if they put it into an investment, it's highly likely they'll pull it out there for survival.