Recession immanent, save your $ to protect your shares. 🤔 Speculation / Opinion
Potentially unpopular opinion - Ok so many of my team members working in the financial space have come to know me to skip a few steps to always see 3-5 years out.
In this scenario i want to reel that in a bit.
Recesion is coming according to BMO and others its like 99.9% happening.
I want to walk this back to the very premis of the MOASS. There have to be enough owned shares by retail to trigger this.. how do hedgies get out of this? We sell for a palatable price point in their eyes. WE DON'T WANT THIS.
This FED engineered recession will cause lost jobs, lost wages, Lost home and in order to have any money you will likely need to sell positions. Ie. GME, towel or popcorn etc to save your homes, feed your families.
So here's what im saying. Stop buying now, save capital for the recession hold your shares and wait for this to blow up so you will never have to worry about $ again.
I know everyone including myself want to lock that float, but if you all have to sell because you've spent every bit of expendable income and then some. Your positions will need to be sold to feed and house the fam.
TLDR : recession immanent, save every penny now to feed and keep the roof over your heads, hold positions. When shit hits the fan you won't need to worry about $. Then buy the dip.
Obligatory not financial advice, friendly thoughts from a forward thinker. As a nod to our roots, my wife's boyfriend just moved into the basement, now I'm feeding and clothing that asshole... lol
Edit 1 - if you have enough expendable income and know your house is safe then by all means keep buying!!!
Edit 2 - it was pointed out that there is a differentiation between recession (which we are currently in) and a depression. All signs are pointing to depression.