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red13n 03/23/20 8:10:54 PM #266: | While chris' all in on the downside is nice, there is a chance it takes a few years for those industries to see large recoveries as we move through what is likely going to be a recession period. Travel goes up after the economy turns around, so a broader strategy of finding other sectors(Energy?, safer bets like Microsoft, the auto industry, etc) to invest in looking at the shorter term is probably ideal. Diversify a little bit so that while you are betting on these companies you keep making sure your money is doing something for you. Personally right now, I have a saved pile of money in an annuity that was offering a good bonus(10%, I saw a recession coming figured 10% was good value) that I will slowly drain over the years but will still be there as a low risk investment and put profits from that into other higher risk investments of varying degrees(The goal is a decent chunk in an ETF/MF, and then a bit into stocks I expect to recover hard). --- "First thing that crosses my mind: I didn't get any GameFAQs Karma yesterday." Math Murderer after getting his appendix removed. ... Copied to Clipboard! |
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