Why Finance Expert Says You Need to Invest During a Recession
Vivian Tu, the financial force to be reckoned with also known as Your Rich BFF, as of late distributed a video about how you can get rich during a recession. Her advice is to do what the rich are doing and invest. It's a basic strategy, but on the other hand it's one of the smartest ways to outpace the competition when the economy recuperates.
Why Your Rich BFF suggests investing during monetary slumps
The economy hasn't been doing great lately, and many experts are foreseeing a recession in 2023. Monetary slumps like this are unpleasant, and it's natural to trust we can avoid them. Nonetheless, Tu makes the point that these aren't completely something bad - - in fact, they're an investment opportunity that won't come around all the time.
As Tu puts it, "In your adult life, you'll probably just see three to five major monetary slumps, and they're gonna be your greatest chances to create financial momentum." That's three to five windows where stock costs are a lot of lower than usual. As seasoned investors know, this is the best opportunity to purchase.
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