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.

  • markersmarx [he/him]
    ·
    4 years ago

    There probably won't be hyper inflation. We can't even get inflation of around 2% in the economy right now. Foreign demand for U.S. denominated hard currency probably the reason why we aren't seeing inflation that traditional economics would expect. If your worried about inflation, you might consider Treasury Inflation-Protected Securities (TIPS) or an investment in a high growth sector like tech ( if you can handle the risk). I personally keep a portfolio that consists of yugioh cards and taco bell chalupas, with short term options on rat droppings to hedge my investment.