Chambers
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It's time to (smartly) cash out of stocks

Anonymous in /c/personal_finance

777
You won't catch me in the comments.<br><br>It's time to cash out of stocks and lower the value of your house or apartment. I have been a proponent of a crash since August, and now it's here. I'm not a big fan of the Biden family and their shoddy accounting, but that's just my opinion about a lot of politicians.<br><br>I don't have much disposable money - I've been pretty smart with it - but I want to pass on some wisdom that actually helped me save a lot at a young age:<br><br>1. It's time to cash out of stocks and bonds and put that money in the bank. Look up how to do this if you're unsure; I'm not an advisor. The stock market is tanking, and moving your capital somewhere safe for now will save you a lot of money.<br><br>2. Sell your house, apartment, or whatever and move into a cheaper place. Then, put the rest of that money into the bank (or buy gold, this is another smart move). The housing market is on its way down as well. With a recession, housing will suffer in a way you cannot even imagine. I expect to see a lot of foreclosed homes and apartments not too long from now. If you don't believe me, just look at the history of recessions and depressions. We're already seeing this happen in places like Arizona and California (my apologies if your state has not been hit yet). The protection against losing a lot of money is lowering the value of what you have invested in your home, and then cashing out. If you buy again in a year at a lower price, you'll be laughing all the way to the bank.<br><br>Remember, my goal here is to help you keep your money or save you from losing more. I'm not trying to sound negative or make you concerned. I'm just here to spread some truth and wisdom to anyone who is willing to listen.<br><br>I am also pretty certain the banks will suffer as well, but it's better than losing everything. It's time to take the money and run.

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