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> But where to invest instead? There's literally nowhere you won't lose money when investing in a recession, the point is to find the place where you'll lose t
by hnarn 8y ago
> But where to invest instead?
There's literally nowhere you won't lose money when investing in a recession, the point is to find the place where you'll lose the least amount of money -- a.k.a. the place where you are most certain the price has bottomed out -- and go for it. Then wait 5-10 years.
- EGreg 8y agoWhat about a basket of really promising startups or VCs?
- rhexs 8y agoI presume this is a joke, but, if not, good luck. If you can pick the next Google reliably, you're presumably already worth tens of millions.
- EGreg 8y agoHow about a vanguard index of stoks
- Latteland 8y agoYou need a mixture of assets. If you don't need your investments to live on (cause you've got a job and an affordable place to live), then follow the standard policy of different categories of stocks, plus other areas. In 2007-2009 I noticed that I lost as much in my retirement accounts as I put into them in those years, Ie the value at the end of the year after putting 20k was about the same as at the start. That was something that really reminded me that it was great and lucky to have a good job as a software engineer.
- rhexs 8y agoThe trick is to maintain your job during the recessions and keep investing. Easier said than done, but if you do succeed, you'll be in very good shape when the market bounces back during the next cycle.
- Latteland 8y agoThat's very difficult in normal times (vcs mostly pick losers, just get a few winners and they are doing good), so for regular people we can't handle that much loss or get good returns on winners. When businesses stop expanding (cause there's a recession!) it's even more impossible for startups to succeed.