The 2020 Recession: How To Prepare For The Next Market Crash
How to Prepare for the Next Market Crash.
We've all seen the headlines, news articles, and obvious signs that we're headed into a recession, most likely in 2020.
The Fed cut rates last week, there have been multiple inverted yield curves, unemployment levels are at 10 year lows (can only go up), and there have been massive layoffs.
In this video I discuss:
– My personal evidence of an economic slowdown
– Defensive strategies that you can use to prepare for the next market crash
– Offensive strategies that you can use to prep for the next market crash
– How to stay relevant within your industry when the recession does hit, whether it's in 2020 or at a later date.
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My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
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Every time a new video is posted, I ask myself, why has nobody else figured out how to explain these concepts in such a clear and concise way? So helpful, thanks Marko.
thanks!
I have no money, and no skills. But on the plus side I have no debt.
You’re at a good starting point to start saving 🙂
What’s your plan then Mark? How do you pay rent?
@@WhiteBoardFinance – I don’t understand the “savings” part….. I understand Mark’s point of view. As a 55 year old Man who is now on Disability , the only thing I see that you are promoting is invest in “futures” when the Economy is collapsing….Banks don’t don’t give a positive yield for sa
@@WhiteBoardFinance stuff saving – listen to Robert Kiyosaki, saving is for losers –
*Common sense in not common practice* – Couldn’t have said it better. There is so much value in this video. Awesome job man!
Common sense is the least common of all senses. We should really be calling it uncommon sense.
“What is common sense isn’t common practice” – Stephen Covey
If its easy to do, its easy not to do
Naam Wynn – Personal Finance & Investing Dave Ramsey preaches that. And some people have a PHD in DUMB
So to sum it up: Don’t buy things you cannot afford(debt), invest regularly (dollar cost averaging) and make lots of friends that can get you a new job in case you get caught in a layoff. LoL.
But it’s ironic because the money itself is literally debt
MAKE FRIENDS THAT CAN GET YOU A NEW JOB!!
yessssssss networking
Agreed. Wanted to put a like but didnt want to destroy the lucky number 168.
I have no friends
Just Pay off credit cards ASAP just to be ready and Do not I repeat Do NOT buy more crap until we know whats really gonna happen! Save as much as you can. Stay smart 💖
Saving isn’t smart unless the money is going to go up in value more than what you can normally make on interest rates.
Brock Amm so your saying, don’t save fiat? But invest in hard assets that hold or increase in value?
Alex Bell Yes but the “asset” is not an asset if it just holds your money though. An asset brings cash flow into your account so a house would not work but a rental property would see the difference
Broc
Brock Amm you are absolutely correct. True asset generates cash flow.
I have three law degrees, an MBA, licenses, prof experiences internationally and yet – this is the best and all you need to know… no mba will ever help you or cover your finances 101. Thank you.
agreed thanks
Angel TO you are BUSY! Stay safe out there !
I’ve been following the markets and monetary policies for the past year. So, your insight from the ground floor working with clients in their credit analysis is extremely valuable in seeing how this is going to roll over. Thank you!
“Unlike most financial Youtubers, I actually have a finance Degree” Hit the Like button!!!
@William Romero, generally good, but AOC has the same degree. Just saying.
@@rjoseph8034 That’s great for AOC!
R Joseph economic
hahaha well there is 2 of us out of 1000 lmao.
Put 50 economists in one room and you’ll get 50 different predictions.
I have a BS in business and finance. Means nothing.
“Common sense is not always common practice”
Fantastic!
Excellent, sensible, common-sense advice. No gimmicks, no click-bait nonsense, nor pyramid schemes. Thank you for this video.
Experts have correctly predicted 8 of the last 3 recessions.
pjabrony
man this aged poorly.
Hurry up with this recession please . I love em
Rip those experts
“The best time to find a job is when you have a job” ! Smart reminder.
“Most fortunes are made during a recession.” I like it.
A recession comes in every decade or 7 years, so funny so many don’t know how to handle it, simply because there are people who want to make chaos, it’s the human RACE
@@jakexgold3879 yes I agree every 7- 8 years in average.
Dana Barciz At the expense of someone else
How so Dana?
@@jakexgold3879 like in the bible the 7 skinny cows get eaten by 7 fat cows. seems like it was planned this way for a long time
Ugh it killed me to do it but I paid off a high interest debt in one chunk today. Seeing several thousand bucks disappear from my savings was sickening
Dana Barciz You did good and you shouldn’t see it as a loss of Savings….it’s a loss of debt AND your net worth didn’t change at all with the payoff of this debt. In fact, your net worth will ultimately benefit because you’ll no longer be paying interest on that debt.
Congrats 🤙🏽
Freedom doesn’t come cheap .. 🤣🤣
Why? That money was never yours. It was only a matter of time til the banks took it
AlonzoCalPolyPomona lol
Being a truck driver for the last 28 years has been a blessing. It is the one occupation where you can always find work, especially in the Chicago metro area where I live. If a recession happens, I will still be safe.
Anyone else coming here after the marked crash?
Awesome, today on march 9 the S&P dropped 7% with the tsy 10 y at its all time low. Can’t imagine u already had a video on this 6 months ago
he said he did not expect a drop… so yeah… The DROP we are seeing is cuz of covid-19
Who’s here after the 2020 market crash?
2 people from the future liked your comment 🤷🏻♂️
Marko: “It’s not going to be a bubble”.
Corona virus: “Hold my beer”.
Voice from the future: Invest in tp.
1:45 how the heck did you know? This outbreak is kinda a recession
And you were right..
*3/9/2020 Update: Trust the WhiteBoard*
Can you do a new video about this topic
Haha… trust the white board indeed! I dont think Australia will be dodging this one Marko, so I’ll definitely be staying tuned!
It happened, but not the way anyone expected lol
Nice job predicting this one haha
Good job Marko
Recessions are an inherent aspect of the economic cycle, and the key is to get ready and adapt. I entered the workforce during a downturn in 2009. My initial job out of college was as an aerial acrobat on cruise ships. Presently, I hold the position of VP at a global corporation, own three rental properties, invest in stocks and businesses, operate my own company, and have grown my net worth by $500k in the past four years.
With supervision from an investment advis0r, I diversified my $401k portfolio across various markets, resulting in a net profit of over $850k within just a few months, thanks to high dividend-yielding stocks, ETFs, and bonds.
How can I get in touch with your advisor? I’m interested in finding a more effective investment strategy for my savings.
My financial advisor is Stacey Lee Decker, a highly qualified expert in portfolio diversification. Research her credentials, she’s a valuable resource for financial supervision.
After reading your insights, I researched her full name and found her online webpage. Unfortunately, my portfolio took a significant hit, so holding it longer seems unwise. I will look to schedule a call with her.
What I like about Stacey is her willingness to listen, collaborate and educate always. She is impressive indeed.