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1) Save money (get your expenses under control) 2) Keep some of your portfolio liquid 3) Prepare to hunker down at your current job for awhile (lose the job h
by DebtDeflation 4y ago
1) Save money (get your expenses under control)
2) Keep some of your portfolio liquid
3) Prepare to hunker down at your current job for awhile (lose the job hopping mindset for the time being if you have it)
On the other hand, consider that the time immediately after a recession passes can be a great time to do something new, start a business, etc. as you will be getting in early on the next business cycle.
- weatherlite 4y ago> 3) Prepare to hunker down at your current job for awhile (lose the job hopping mindset for the time being if you have it) I just got a pretty good offer and I don't know what to do - I am a bit worried I will be the first to be downsized if things go south. The company seems to be doing well and has IPO'ed so there's that. On the other hand no one can guarantee that my current startup won't struggle in the coming year or two.
- DebtDeflation 4y agoI think you hit on the two key points. LIFO is definitely real, and the last to be hired are often the first to be fired. OTOH, you have to look at the financial stability of the new company vs the old, if the newer is on substantially better footing it may outweigh the LIFO effect.