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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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15152909 No.15152909 [Reply] [Original]

Hey /biz/ I don't frequent this board very often, I mostly stay on /k/ but I've been hearing some people who are much more business and finance savvy than myself talk about a coming recession. So, I was wondering if guys could give me some ideas of how to best weather the coming recession?
Maybe this info will help you?
>I work in construction as a TAB technician. There are so few people who even heard of TAB let alone have experience. I feel like my job is alot more secure than an electrician's.
>I only have my car debt that I'm paying on, around 10k left.
>I live in an apartment, so no house payment or mortgage to worry about.
>I have a few grand saved up but I keep buying guns lol, go figure.
How can I set myself up to avoid losing everything in the coming recession, or do I stand to lose anything at all?
>Pic totally unrelated.

>> No.15152920

>>15152909
Save as much as possible. And there’s this thing called Chainlink, look into it.

>> No.15152956
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15152956

ALL IN LINK brainlet

>> No.15152974

>>15152909
Nice onions body and chinlet face

>> No.15152989

>>15152909

70% Chainlink
30% Bitcoin Cash

Always get moar silver

>> No.15153011

>>15152909

>Watch market daily
>acquire beans and boolets
>gold silver bitcoin chainlink
>kill credit debt
>stack a few AR lowers

We dont know whats gonna happen, keep your eye on this shit. Things are pretty fucky worldwide

>Ave nex alea

>> No.15153019

>>15152909
are you the next shooter or what, big boy?

>> No.15153020
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15153020

>>15152909
>I mostly stay on /k/
go eat cum brownies post in arg and gtfo. You fucking newfags ruined one of the best boards

>> No.15153074
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15153074

>>15152909
Buy BTC, XMR, gold and silver. Keep the BTC & XMR in a GUI or hardware wallet, and only buy gold and silver you actually have shipped to you. Keep at least 25% of your money in fiat.
Buy a bunch of very sturdy guns and ammo (there were a few threads on biz the other day about which guns are good investments, basic gist of it boiled down to .22 and 5.56, keep a few sturdy rifles and a fuck ton of well stored ammo for them in Spam cans).
Have enough food, water, and gas for at least a month (probably won't get this bad but hey can't hurt to be prepared).
When prices on housing collapse, use that 25% to buy a house somewhere with low property taxes. There is no way to know where the bottom of housing prices are, just keep an eye on a few properties and wait until you see them dip precipitously, then wait some more. Do not FOMO (fear or missing out) into any deal, there will always be another good deal. Better to miss a property than buy only 50% of the way to the bottom.
Do not take out a loan or mortgage, only buy what you can afford to own outright.
Read pic related. It will tell you absolutely nothing about what to do during a recession, but it will give you the basic knowledge required to read anything else written on finance or economics and you can read the whole thing in one day. Then go read Milton Friedman and Thomas Sowell.
Make friends with other people who are worried about a recession. Do some favors for them like helping them with house maintenance or moving or whatever, build those relationships. Tell them about investing into alternative assets, DO NOT TELL THEM YOU ARE DOING SO YOURSELF.
If you need cash, sell your XMR.

Follow those steps and you'll be fine.

>> No.15153247

>>15153074
Thanks for the advice, I'll order that book today. I've been on the fence about investing in precious metals for a while now as I've been collecting milsurp for a long time and it seems like pretty fucking stable investment so far but I think I'm going to order some silver soon.
Also, I'm going to stack 9mm, 7.62x39, and 5.56 deep too.
Seriously, thank you for your advice.

>> No.15153268

>>15152909
>I mostly stay on /k/ but I've been hearing some people who are much more business and finance savvy than myself talk about a coming recession
You know that story about the shoeshine boy giving stock advice? In this world, you're the shoeshine boy.

>> No.15153343
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15153343

>>15152909
buy an amazon alexa to keep in your room
also a few cheap chink wifi cameras around the inside of your apartment.
Don't use vpns they are a scam.
update your facebook daily with where you are and what you have been doing so your family feels in the know.
Leave gps on in phone settings for the convenience.
If you have a beard, shave it to make it easier for face rec. AI to see you (this also helps with convenience soon)

As far as recession goes: this wont be merely a recession, its something much bigger, get crypto and some hard assets (keep stacking guns too)

>> No.15153492

>>15153343
Lmao, this would unironically be good advice for a chink due to coming social credit system.