This is how to profit from a recession. Get rich while others hide. The volatile stock market is hard to navigate with the proper investing strategy in 2023. Here is how I’m investing in 2023 to build wealth and where I’m parking my cash while I allocate funds to specific ETFs at the perfect time. Investing for beginners in 2023
#recession2023 #etfinvesting #howtoinvestinstocks
Join the Patreon Group for EXCLUSIVE content:
Live stock purchases, live Q&A exclusive ZOOM for members only, and a very strong investing community to network with so we can all reach FINANCIAL FREEDOM FASTER!
Other Videos You’ll Enjoy!
💰3 ETFS THAT MAKE YOU RIDICULOUSLY RICH:
💰 Best Order to Invest Your Money in 2023:
💰If I Started Investing Today (From $0), THIS IS WHAT I’D DO:
💰SCHD – BEST DIVIDEND ETF:
💰 SAVE MORE MONEY (better than a budget):
💰 My Entire $400,000 Investment Portfolio:
💰 USE THE 2023 RECESSION TO GET VERY RICH:
🚨💰 to get $10 FREE in Bitcoin use this link to sign up today:
🚨💰Join Robinhood with this link & we’ll both get a free stock like Apple or Tesla! 🤝
*All content on my YouTube channel reflects my own opinions and should NOT be taken as legal advice, financial advice or investment advice. Please be safe and seek out guidance of professionally trained and licensed individuals before making any decisions.
DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!…(read more)
BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
Title: Finance Professor Explains: How to Get Rich from the 2023 Recession
Introduction
As the global economy often operates in cycles of growth and contraction, recessions have become an inevitable part of the economic landscape. While they may cause hardships for many, recessions also present unique opportunities for those who understand how to navigate the economic downturns effectively. Today, we will delve into insights shared by a finance professor who explains how to potentially take advantage of the upcoming 2023 recession, turning it into an opportunity for financial gain.
1. Build a Solid Financial Foundation
To thrive during a recession, it is vital to establish a strong financial foundation even before your economy shows signs of a downturn. Ensure that you develop healthy financial habits such as saving money, budgeting, and eliminating high-interest debt. Accumulating an emergency fund equivalent to six months of living expenses will provide you with a safety cushion during difficult times.
2. Real Estate Investment
Recessions often result in a decline in real estate prices. This presents an ideal opportunity for those interested in investing in property. Keep an eye out for distressed sales, foreclosure auctions, or properties available at reduced prices. Smart real estate investments made during a recession have the potential to yield substantial returns once the economy bounces back.
3. Invest in Recession-resistant Industries
Some industries tend to remain relatively stable during recessions, making them attractive investment options. Healthcare, consumer staples, and utilities are examples of sectors known to be more recession-resistant than others. Diversifying your investment portfolio by including companies from these industries can help ensure steady returns even in an economic slowdown.
4. Buy Low, Sell High
Recessions often lead to market downturns, causing stock prices to plummet. This situation presents an excellent chance to invest in quality companies at significantly discounted prices. Engage in thorough research to identify reliable companies with strong fundamentals that are currently undervalued. These investments have the potential to yield impressive returns as the markets recover.
5. Be Fearful When Others Are Greedy
Recessions are periods of high emotional volatility in the markets, as fear can consume investors. This fear-driven environment creates opportunities for those who remain calm and rational. By adopting a contrarian approach, investing when others are selling, and capitalizing on the pessimistic sentiment, you may find lucrative investment prospects that have been unduly undervalued.
6. Build Multiple Streams of Income
Relying solely on a single source of income can be risky during uncertain economic times. Layoffs and pay cuts are prevalent during recessions. Hence, it is crucial to look for additional streams of income to reduce dependence on a single paycheck. Consider developing skills or leveraging your existing expertise to generate income from freelance work, a side business, or investments such as dividend-paying stocks or rental properties.
Conclusion
While navigating economic downturns can be challenging, smart investors understand that recessions also bring opportunities for those prepared to seize them. By following the strategies outlined above, you can position yourself to get rich during the 2023 recession. However, it is important to remember that investing always carries risks. Consult with a financial advisor, conduct thorough research, and tailor your actions to suit your personal financial circumstances and risk tolerance.
Are ETFs and Index funds such as the S&P500 one in the same thing?, very new to all of this only started about a week ago. Also are those the assets I would be investing in for the dips/recession?
So what’s the story behind that red cock that is always there?
Just a heads up for you
Professor G do you have a scam artist using your comment section to scam people and he is pretending to be you
Just dealt with this today. I had been slimming my portfolio last year (based on some of your videos…thank you) so that it was more manageable. I spent less time thinking/researching when I focussed on ETFs that included stocks I was interested in, rather than trying to buy a single stock one by one. I waited Jan and Feb of this year, before I purchased, knowing the stocks will continue to dip. But those 2 months, not being invested weren't doing much either. And since I can't predict the dip, I stuck with my plan and rounded out my portfolio. It does sting a little to input and then see a 'loss', but I don't want to be that person jumping in later when I'd lose out on the gains because I wasn't in the mix in the first place.
Great vid! Question…i am 20+ yrs to retirement and have 15k sitting in a roth ira. I plan to buy a few strong ETFs for growth and some SCHD. I'd like to DCA $541.66 ea month (max contribution for the yr) but if it were you how would you handle that 15k already sitting there?
amazing
Grea video
Great
Great content Professor G. I watch all of your content. Would the money in my emergency fund be separate or included when calculating my F.I.R.E. number?
Hi professor g!
Would you recommend to hold only one etf in a portfolio or spread the money between a couple or even more?
Thank you for everything!
Thank you Professor G! You have helped me out a lot. Wish you a wonderful day and look forward to future videos!
Any thoughts on an equal weighted S&P 500 index such as RSP vs SPY?
Keep buying
VOO or XYLD throughout thick and thin
You cannot time the market
Do you have Portuguese blood? Your rooster indicates yes.
What do you think about fundrise ?
I agree. This is the year to buy stocks via DCA.
Hey Nolan do you mind transforming this video into a newsletter? I could help with that
What is your top 3 ticker symbols for penny stocks? Mine are FFIE, WULF, DGHI.V
I just throw money at it every week. It will return something every month,quarter however it pays and it will grow. Just keep investing no matter what.
Cool video …but, after watching this video ..youtube.com/watch?v=Sjqw9OPjimo …do you agree with the way ordinary vs qualified dividends on a taxable account work? or Roth is till the way?
There are couple things to consider before bogglehead dca method. Look at the history.
1. Yield curve 10-2yr has inverted. Wait for it to go back up.
2. Wait for fed pivot. Thats when stock starts to dump
3. HOPE. Invest when unemployment level goes up.
Please provide names of wealthy investors you know who dollar cost average.
Hi Nolan. I got married today. Time to think of finances for two 😛
Heads up everyone. Both the Nasdaq & the s&p have entered the kiss of death according to technological analysis. See Ron Walker videos. I’ve been following him for 6 months. He is always right. Expect a 20-25% further drop & position yourself accordingly. What’s even worse is the world wide debt market. Could collapse any day. Seriously & God will allow it. He wants to grant people a Jubilee. No more tyranny in Jesus’ glorious name! Freedom—especially for God’s people.
What an awesome opportunity right now now to invest in precious metals while the price is ridiculously low. The silver is mine & the gold is mine saith the Lord of Hosts. God put this stuff in the earth for us
Is schd a good investment even tho the dollar is losing its value? Or would you recommend another asset in the long run?
Great video. I'm curious- what is the significance of the red rooster in your videos?
I keep buying SCHD and SCHG!!! 74.37 per share of SCHD I currently own 1500 shares!!! I keep buying 250 at a time!!! I keep around $75k in cash for physical real estate! 5% gold and silver!! Zero on crypto I'm to old to invest in crypto! If you're a young whooper snapper go get some! Professor G, keep doing gods God's work!!
More great info Prof. G….spelled out really well. Thank you
staying the course, monthly investing!!
I’m in camp further dip while continuing to DCA also but a little too cash heavy waiting for a deal that may or may not ever come.
I dollar average cost into ethereum every week
DCA for the win
I agree on the research part hands down!! Such a great opportunity right now or really anytime to learn!
Love the emergency fund dip if you have a stable job or other safety net…. excited for the next dip ….any advice on how to not watch a falling market? It sucks to see your worth decrease almost daily
I once heard one of the most successful wedge fund managers say at best he was able to time the market 50% of the time. If he is only as good as a coin flip, the probability of us getting correct is most likely much lower. Until the government and fed can resolve their issues, things will continue to be turbulent. It makes sense to educate ourselves and be conservative with our money. Thank you for your channel.
If your goal is to buy real estate, do you save up that money in a savings account? or do you invest in stocks and sell your shares once you have enough for a down payment(assuming you didn’t lose money)?
Markets are crazy right now and we haven’t felt the effects of the Fed rate hikes. I’m investing regularly but less, and I’m keeping some cash to take advantage of the dips throughout the year. My savings account offers a 4,5% interest until September, so I’m not losing value on that cash.