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Message: <blockquote data-quote="lukeraj" data-source="post: 3134552" data-attributes="member: 66934">:wavey:Subject: FW: Recession Approaching - Experienced on 1976, 1982, 1987, 1997,2002This is my advise<img src="https://zerotohundred.com/forums/styles/default/xenforo/smilies/rofl.gif"  class="smilie" loading="lazy" alt=":rofl:" title="rofl    :rofl:" data-shortname=":rofl:" /><img src="https://zerotohundred.com/forums/styles/default/xenforo/smilies/listen.gif"  class="smilie" loading="lazy" alt=":listen:" title="Listen    :listen:" data-shortname=":listen:" />More than 8 months ago, many high profile financial leaderssuch as Warren Buffett, Roger Smith, Alan Greenspan etc hadmentioned the R words several times, though Financialinstitution such as IMF, World Bank and even US Fed Reserveprefer to ignore the signal. Last week, some of them agreedthat recession will hit US and further stated that it willaffect Global economy.In all historic cycles, it will normally stays down for 2to 3 years and take another 5 years before it starts to comeback to its last peak. We can expect 7 to 10 years cycle.What can ONE expect in Recession ?Asset valuation will drop drastically, between 30% to 50%of Peak Value depending on location and the type of assets.Economy cycle slows down, company revenue drops,restructuring of organization and some companies areacquired or go bust.Lower commodity prices.Lower or Zero salary increase or retrenchment of employees.A big Congratulation if you did not make any majorinvestment (properties or shares) over last 24 months.Financially, CASH FLOW becomes critical for survival.What should ONE do to survive better in a Recession ?Like in any emergency the first rule is DON"T PANIC !!!Sell off over-valued long term assets which you have nointention to hold on to over next 10 years.If they have not been done, review how much have theyappreciated since you last bought them. Review and decide before the price goes down. If holding,be prepared to hold 10 years.Don't over borrow - stay liquid if possible, if youdon't have loans or on credit you will not get intotrouble, your net assets might drop, but it will come backagain. Might take 5 or even 10 years. If you do not sell youcannot lose !If you are in mid-career and happy, lower your demand tohang on better.If you are in mid-career and not happy, make the careerswitch you wish early before it gets bad. New career opening would be few and far in between. People with experience are plentiful and new graduates willbe very cheap to hire.If you are dependent on business profit or property rental,be prepared that these income may drop by 50%If you are dependent on Salary, save enough for 6 months ifyou need to look for new job.Now is the time to check your monthly expenses being only50% of you total income.How can ONE take advantage of the Recession Period ?If you have CASH, buy during recession. The time of maximumpessimism is the best time to buy.For those into speculation on Stock Markets - Bear marketshave always been temporary. Share price turn upward from 1to 12 months before the bottom of business cycle.No ONE can tell you precisely when is the bottom if thebear market.Assuming you have accumulated cash, wait at least 6 to 12months for golden opportunity to buy Long Term ASSETS orBUSINESSES at rock bottom price. There is absolutely no hurry, things will stays relativelycheap over next 2 to 3 years.So, pick and choose to buy what you really like and cankeep for the lifetime.For INDIVIDUALS, take the chance to learn and improveyourself - chance to attend courses and learn new skills.HENCE, BE READY for the BIG UPTURN. .. Hold as much cash as possible because you don't knowwhen you are going to need them .. Stay focus on "what you are suppose to do" anddon't let the surrounding to swing your moods .. Stay happy and healthy !!! The current crisis is beyond any single person'sabilities to solve, so take it easy !!!</blockquote>

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