If you plan to get rich quick then what I’m about to say isn’t for you. Most of America is looking to get rich quick. Maybe that’s not Americans fault but it is their problem. Even now most of the baby boom generation has their life savings at risk hoping the market will quickly give back what it so quickly took back in 2008. Doubling your money in two to five years is quick and most of the members of that generation didn’t amass their wealth in such a short time. Now they are going to risk all they have left on the hope that they can get it all back.
The best course of action would be to safeguard that money and wait for opportunities that always show up when no one else has money. Cheap assets show up in a recession and super cheap assets really show up in a depression,and that’s where we are heading.
BTW, the most well off working class American’s did two things really well. They saved 10% to 15% of their income since they began working and they invested in vehicles with guaranteed outcomes so that they have never experienced the loses that stock market investors experience every few years. Are you doing those two things right now, if not you are off track.
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