I do not understand basic economics or investing.

That being said, how do I prepare for a recession or depression that will probably come down the pipe in the next year or two? What do I invest in? Where do I put my money? I probably can't be dinar-pilled but I'm open to other suggestions.

  • sagarmatha [none/use name]
    ·
    4 years ago

    owning property as said before is a good way to avoid issues but fuck being a landlord and cashing out on investment is much harder in a depression so apart from ghoulish buying houses during a depression, regular dollars in an account is fine (at least until a country wide collapse) especially since most safe saving is a ridiculously small rate and you don’t want to play with risky shit while the market eats shit, the US dollars depreciate as fast as the euro so there is not much point in having foreign currency anyways (for crypto wait until regulatory clarity)