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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
Billionaire Recession Advice: Stop Investing in THIS
As the world teeters on the edge of an economic recession, it’s important to take stock of where you’re putting your money. And according to some of the world’s most successful investors, there’s one thing you should avoid investing in at all costs: complacency.
Billionaires like Warren Buffett and Ray Dalio have been warning against complacency for years, but their message has never been more relevant than it is now. In the face of a looming recession, it can be all too easy to fall into the trap of thinking that the good times will last forever. But history has shown time and time again that this simply isn’t the case.
So what exactly does it mean to be complacent when it comes to investing? In simple terms, it’s about taking unnecessary risks and ignoring warning signs. It’s about assuming that the status quo will continue indefinitely, and failing to prepare for the inevitable downturn.
One of the main areas where complacency tends to rear its head is in the stock market. When times are good, it’s easy to get caught up in the excitement and start making riskier and riskier investments. But as the old adage goes, what goes up must come down. And when the market inevitably corrects itself, those who were complacent will be hit the hardest.
In addition to the stock market, complacency can also manifest in other areas of investing, such as real estate and commodities. When prices are soaring, it’s tempting to jump on the bandwagon and invest heavily. But as the saying goes, the bigger they are, the harder they fall. And when the bubble inevitably bursts, those who were complacent will find themselves in dire straits.
So what’s the alternative to complacency? It’s simple: preparation. Instead of assuming that the good times will last forever, wise investors are constantly assessing the risks and preparing for the worst. They diversify their portfolios, hold ample reserves of cash, and avoid making impulsive decisions based on short-term trends.
In times of economic uncertainty, the best defense is a strong offense. By avoiding complacency and taking a proactive approach to investing, individuals can position themselves to not only weather the storm but potentially even come out ahead. It’s a strategy that has been endorsed by some of the most successful investors in the world, and one that has stood the test of time.
In conclusion, as the specter of recession looms over the global economy, it’s crucial to heed the advice of those who have been there before. Billionaires like Warren Buffett and Ray Dalio have long warned against complacency, and their message has never been more important than it is now. By avoiding the trap of complacency and taking a proactive approach to investing, individuals can position themselves for long-term success, regardless of what the future may hold.
This one goes to my favorite videos
I switched my checking/savings to capital one. They pay 4.14% apy pretty good for a savings account
What do you think makes sense for a person's portfolio that knows sales(and maybe fitness) more than anything else?
You have an EBITDA hat. Haha.
Dave Ramsey is goated
Interesting, but this is only true in the US. In Brazil, you can get up to about 13% a year.
7:13 – “The end of all exploring is to arrive where we started, and know the place for the first time.”
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
WOW!!! that was one of the best financial advice videos I've ever came across!
This is what Ben Mallah does. He parks his cash in Municipal Bonds and simply borrows against it, he said not only can you borrow at a high LTV but his rates are also lower than saying borrowing against a house even. He has said this in his videos. He's on youtube, runs ~$500M real estate portfolio. Investing in what you know is also what uncle Warren has told you about "circle of competence". "Put all of your eggs in one basket and watch that basket."
EVERY FAMILY HAVES THAT ONE PERSON WHO BREAK THE FAMILY'S FINANCIAL STRUGGLE I HOPE YOU BECOME THAT ONE
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
How powerful it is to to find out that what you are already doing is what you should be doing!
Both Alex and Dave Ramsey’s guest were unsure if their strategy is correct no matter how successful. Learning that the way to success is to do more of what you are good at is so key to go at it with confidence.
Do you think The US is going to go bankrupt?
Do a lot of the one or two things you really understand than doing a lot of doing things
I don't what banks your looking into, but my account gives me 4.15%
S and me. Love it
I love Dave’s advice on this. I heard him give an example of a guy he met worth $200 million who had ALL his money invested in farms. Dave asked him why he didn’t own any houses or stocks etc and the guy simply said “I don’t understand those. I do what I know.” Or something like that. Amazing amazing advice.
Amazing advice Alex. Spot on.
Lovely video
Really inciteful video. Would be interested to know if Alex was referring to Treasury Bonds, Bills or Notes.
That’s why investing cannot be cookie cutter! And it’s never just one and done either it might change due to changes in life.
Great content bro! Genius’s can take complicated things and make them simple for others to understand. That’s who you are!
Best route to buy the treasuries and have access to them?
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You can do the same thing with high cash value whole life insurance.
How/where does one buy Treasuries directly?