Rush says don’t participate.
“Rush says don’t participate.”
Just repeat that mantra daily and you won’t get laid off during a recession. /s
Rush is correct. In a balanced portfolio there should be no need to panic sell. The secret is to re-balance periodically, reinvest all distributions and sit tight.
Any cash needed in the next 5-7 yrs should never be in the market. Cash on hand should always equal at a minimum 6 months of current expenses. Personally I keep enough cash to carry me for several years but that is not that great an amount since my wife and I both collect SS and have almost no debt.
Rush talked today about the Dems hoping for a recession. They needed it to kill Trump’s job progress. He played a clip where the word “recession” was repeatedly in the narrative. Why did this subject come up if they were not on to something? A self-fulfilling prophecy?