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/biz/ - Business & Finance


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50819551 No.50819551 [Reply] [Original]

Let's say there is a big recession/crisis coming. What should you do with your money to minimise the damage?

>> No.50819578

>thotposting
KYS

>> No.50819871

>>50819578
I forgot that "/biz/" should be changed to "/Coinz/" because that's all you fuckers talk about anymore

>> No.50819905

>>50819551
there isn't big old Biden cancelled the recession

>> No.50819913

>>50819551
>What should you do with your money to minimise the damage?
Metals. Everything else is gambling. I'm a devoted metal fag and I advice you buy metals.

>> No.50819916

>>50819551
probably not put it into usdc

>> No.50821976
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50821976

>>50819871
Yeah thread's with actual subjects are ghost towns.

People are stingy with their business ideas. Unless it's the dick sucking business at the truck stop. Therfore biz is just a bunch of truckers looking for people to by their shit coin bags with the money they gave them for a dick cleaning.

>> No.50822296

>>50819551
>. What should you do with your money to minimise the damage?
Diversify into many different asset classes, gold, commodities, energy, mining, stocks, dividend stocks, property, art, antiques, crypto etc etc, The more diversified your holdings are the more robust your survival chances. However if you are paying a rent or mortgage or working a pay as you earn taxation job you are the bonded debt slave and you will suffer or prostitute yourself or your wife, sell your belongings and let your soul die as you carry out the wishes of people who laugh at you

>> No.50822321

>>50819551
Debtmaxx into RLC. Unironically.

>> No.50822374

>>50821976
And all you have to do is carry your 100KG of silver to pay for it. Best of luck. Silver is retarded. I nearly certainly have more of it than you though and gold, the difference is I can afford that kind of dumb toy (I have a treasure room), I'm pretty sure you can't. I don't own a car either. I do own houses, stocks, bonds crypto, art, land etc etc etc. Cars and stupids are like iron and magnets.

>> No.50822416

>>50822321
>Debtmaxx into RLC. Unironically.
That's actually evil. RLC was dead years ago when its (French?) team rugged and blew the money on coke and hookers and that is what, I can't be bothered looking 2017 or something? Please fuck off. Those bags are for life and you can drop them whenever you like. What's next dragonchain is about to be disneycoin? No. No.No.

>> No.50822469

>>50819551
Gold.

>> No.50822785
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50822785

>>50819871
>"/biz/" should be changed to "/Coinz/" because that's all you fuckers talk about anymore
holy fuck you're an absolute monkey nigger retard, the point here is that thotposting is a fucking cancer and you're a fucking faggot for participating in that

>> No.50822838

>>50822785
>he gets aroused from a fucking face
fuck off virgin, this is one of the most interesting topics in /biz/ right now

>> No.50822878

>>50822321
Evil scammer. Stop scamming biz users

>> No.50822889

>>50819551
buy btc and fuck off

>> No.50823102
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50823102

>>50819551
Historically you should keep/buy stocks, land and property with dying currency.

Stuff in limited supply and what the rich likes will keep their value (whiskey, wine and cigars).

Can't go wrong with small known fractional silver and gold.

Full blown economic meltdown, I would say cigarettes, liquor, quality tools, guns and ammo.

I actually read a lot about the Weimark Republic and when Americans stepped away from the gold standard. You had unironical a stock bullrun.

>> No.50823769

>>50819551
debtmaxx the crash?

>> No.50823871

>>50819551
Crypto with yield. DCA into shit. Never sell any assets you hold. Nothing is a safe haven. Their only bullet to stop a societal collapse in the case of a massive downturn is to print more money which will within a few weeks of them doing so make any fiat you hold exponentially less valuable and start yet another asset bullrun. So:
>Guns + ammo for the societal collapse outcome (doubtful as dollar milkshake seems true and the US will be raping the world of all it's value for some time to come).
>Assets; BTC, XMR + Shitcoin L1 of your choice (AVAX, SOL, Trannycoin, ALgo etc)

Picking up guns and ammo is probably prudent given how totalitarian this government is turning out to be.

>> No.50823914

>>50819913
Brainlet take.
I keep some physically in my safe, for the coming cyberpandemic they are planning. Its insurance.

OP, how about you invest in things that appreciate in value ? Crazy concept. I know.
When inflation comes back 10 times worse, you really think commodities wont do good?

Oil, gas, energy, etc, all of that is gonna go much much higher, unless they once again succeed to paper over the current situation.

I think monkebox might allow them to do it again though.

>> No.50826199 [DELETED] 

>>50819551
Probably diversify a lil bit.
BTC, Ride, Enj, and also a lil bit of gold.

Never a bad idea to get some stock just to diversify further.

>> No.50826246
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50826246

>>50819551
Moner boner

>> No.50826322

>>50819551
Bros is this what a girl looks like when she cums? I’ve never seen this face before and I think it’s so fucking hot, like I’m so rock hard right now god damn it’s so beautiful. I’ve only ever paid for sex but I’ve never had them make faces like this (and some were East Asian woman) I need to know guys

>> No.50826364

>>50819551
Short bitcoin with 100x leverage

>> No.50826454

>>50826322
no generally when you pull a knife on them they look like this

>> No.50826478

>>50819913
>Metals.
Brass and copper jacketed lead. 7.62 NATO is best.

>> No.50826537

People hate it and call it a meme, but gold really is the ultimate SHTF backup reserve asset. Just 10% or so of your folio is enough, the only situation that's bad enough that you'll need it is also the situation that such a small allocation will suffice.

Obligatory disclaimer: cash is also important, so is owning your own house if you can, having supplies, food, and so on.

>> No.50826629
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50826629

>>50826454
Oh okay, well I’m not really allowed to own any weapons (I always end up making my parents mad) so could I hold my hands around their neck or something lol like idk I just can’t stop thinking about that face it’s so beautiful. If I could capture that forever and never let it go I would I just love that look the person behind the face doesn’t really even matter lmao I just want that on my walls looking at me all the time you know?

>> No.50826685

>>50819551
>What should you do with your money to minimise the damage?

Probably diversify further
BTC, Ride, Enj, and also a lil bit of gold.

and never a bad idea to get some stock just to minimize the risk.

>> No.50826694

>>50826629
anon you should go for a walk and look for someone that looks just like her and try it.

>> No.50826800
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50826800

>>50826694
I always see them staring at me at the malls and stuff whenever I go out and I just know that they want to talk but whenever I go over to approach the walk away or come up with some excuse to stop talking, my mom and pop always say I should be more confident I think I will I think next time I’ll just keep approaching until I see that beautiful face and maybe that will just mean she’s finally into me

>> No.50827082

>>50823871
i like the way you think

>> No.50827166

go long on german mold removal spray

>> No.50829317

>>50826685
Diversifying is a good strategy and another smart move would be earning passive income. I'm currently LP Mining ORE/ETH for 53% APY and things are looking good.

>> No.50829758

>>50819551
All cash, what're you retarded? Cant trust your currency hold USD, can't hold USD - gold I guess.

>> No.50829859

>>50821976
>In 70 years, you will have $6,128,601.12

If you invested 3631 usd in the SP500 in 1950. Silver is garbage.

>> No.50829905

long commodities
spend all of your money

>> No.50829979

>>50826246
Cute braline

>> No.50829997

>>50819551
there is a recession already retard. holy shit

>> No.50830425

>>50819551
Just don't buy silver nor any of the platinum group metals.

>> No.50830892

Hold cash. Anyone telling you not to is a fuckhead. Hold cash. Buy the dip. You don't buy inflation and recession hedges as they happen you buy them when times are good

>> No.50830932

>>50826364
Where the fuck are you getting a hundred times leverage

>> No.50830988

>>50819551
Get out of the city

>> No.50831016
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50831016

>>50819551
But stock in biotechs that produce drugs that keep people alive. Perfectly inelastic product (or the closest thing to one).

>> No.50831022

>>50821976
>>50819871
The revolution crypto promised has been transformed into vid related.
https://www.youtube.com/watch?v=JCiPMIViylw

>> No.50831072
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50831072

>>50830892
>Buy the dip
Which do you think is worth getting into?
Low caps
high caps or
the both

>> No.50831147

>>50831072
Depends on your risk tolerance. I think there is a very very real possibility that Bitcoin will go to 10k if the global market dumps. I've heard people suggest the S&P will bottom at 2900. If Bitcoin is gonna go down the 12k then you can imagine where alts are going.

My advice is dca until the end of the year and see where we are stacking up on inflation and all that. That's my current plan. As to what, I'd stick with Bitcoin and index funds until this gets less noisy. Don't try to time the bottom and catch the knife. I'm buying more than I was a few months ago but I'm really just sticking to certain assets.

>> No.50831185

>>50826685
Diversification works much better if done in the right direction. It will worth a lot. I'm doing that as well on few alts; ETH, Bnx, Xpress, and a few others.

Stock is good as well.

>> No.50831295

>>50831147
Your point is so clear. I share the same sentiment with you. As you know, the sentiment and rumour about BTC heading down to 10k has been since the incession of the bear, but the contrary has always been the case here. Do you think BTC will close the year at 30k?

>> No.50831305

>>50819551
Invest everything into GAMESTOP

>> No.50831370
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50831370

>>50826800
chekd and kekd

>> No.50831417

>>50819551
short

>> No.50833389

>>50831072
Alright chad. I think the use case is just as important as the market cap and that's one of the things that drew me to Open Rights Exchange as they are taking assets and identity management to another level.

>> No.50833720

>>50830932
Binance futures gives 120x

>> No.50834038

>>50819551
i love women so much it's unreal

>> No.50834131

>>50819551
rates are rising like my dick watching your mom gargle my nutsack
all in on cash is the winning move rn fr fr

>> No.50835373

>>50819551
unironically, cash. or SIGA. cure for the plague is recession proof.

>> No.50835446

>>50823914
>Oil, gas, energy, etc, all of that is gonna go much much higher
didn't they reach a peack this year with covid/war?

>> No.50835462

>>50834131
>rates are rising
won't they pivot?

>> No.50835472
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50835472

>>50819551
We're not in a recession you faggot. They changed the definition, like they did with the word woman, and racism.

Quit being anti-semitic

>> No.50835488

>>50826246
Quit posting animals please.

Disgusting

>> No.50835579
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50835579

>>50819551
Buy bitbean!

>> No.50835755

>>50831147
>I've heard people suggest the S&P will bottom at 2900
oh yeah? where'd you hear that? Zerohedge? Michael Burry? Alex Jones?

>> No.50835966

>>50819551
Food, lots of it, you'll thank me moving into next year.

>> No.50837004

>>50835755
Darius Dale I believe is the most besrish person I've heard that backed it up with data. The fact that you're so quick to try and paint me as a schizo is just further proof to me that capitulation hasn't happened.

>>50831295
It all depends on the fed. If the fed keeps tightening rates then we could just crab for the next year. Unless inflation gets under control then I think this is just an accumulation phase but the reality is we are spiraling towards a winter energy crisis so I'm more convinced this is a fake out.