Ask HN: How are you preparing yourself for a recession?

Re:Ask HN: How are you preparing yourself for a recession? by gowld on Monday March 09, 2020 @02:46PM (#22528385)

> but on days (weeks) like this I'm glad it's in cash.

this is bad market-timing.

S&P 500 lost 20% in the past month, but it up compared to a year ago, up 50% since 5 years ago. You lost a bundle compared to being in the stock market and selling it all now after a sudden 20% loss.

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Re:Ask HN: How are you preparing yourself for a recession? by jkachmar on Monday March 09, 2020 @02:58PM (#22528517)

So? I have an emergency fund that I keep in a high yield savings account and don’t touch except in the event of... an emergency.

I’ve missed out on some money by not having that in the market, but during this time I’ve also been working and investing my income so like... I’ve still made money?

Why the greed, man? I can keep a bulk of money for retirement, long term planning, et al. in the market _AND_ keep a small amount of funds wholly liquid in case shit hits the fan without seriously impacting my quality of life.

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Re:Ask HN: How are you preparing yourself for a recession? by UncleOxidant on Monday March 09, 2020 @02:58PM (#22528511)

What if this market rout is just getting started? Given the mix of problems at hand (not the least of which is a global pandemic) it definitely can get a lot worse.

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