Comments on: What do you do with your money in recession, possibly global recession?

By: Economist (trying)

Economist (trying) — Thu, 01 Jan 2009 22:58:34 +0000

this is where people living in farm lands have an advantage. They can have food on the table without really spending too much. they plant veggies and raise live stock, they can be self reliant. so in a recession, we have to be self reliant. we must learn to minimize expenses, and try to invest your money wisely.

recession sucks for many, but recession is opportunity for others. this is when you explore investments in real estate, this is the time when stock markets become buyers market.

By: MOE

MOE — Thu, 01 Jan 2009 05:07:18 +0000

Keep it saved, till the storm is over.

Or if you have investment skills – consider an undervalued sector. As an example, its a good time to invest in property, as long as its long term.

By: econgal

econgal — Wed, 31 Dec 2008 23:21:54 +0000

Beware of the next “bubble”, gold can be a safe investment up to a point, then that bubble will cause problems also. What goes up can come down, where will you be on this “roller coaster” ?

By: WDOUI

WDOUI — Mon, 29 Dec 2008 15:46:28 +0000

I bought gold. Made money in 1 year and still holding while gold has increased daily

By: dangoinvestor

dangoinvestor — Mon, 29 Dec 2008 08:51:59 +0000

if you think everythings going down the crapper

invest in gold, it is used to determine currency basically, although you really aren’t making any money when you take out inflation..