this post was submitted on 03 Apr 2025
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36
How are US citizens preparing for the impending recession on the horizon? (lemmy.today)
submitted 3 days ago by AmbiguousProps@lemmy.today to c/AskUSA@discuss.online
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Personally, I've moved most of my investments into money market funds and plan on buying the dip, just like the multi millionaires. Other than that, I'm getting stocked up on shelf stable foods, and trying to get to know my neighbors a little better.

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[–] 0x01@lemmy.ml 3 points 3 days ago
  1. I've been on stable investments for some time, CDs have been high enough to justify missing out on stock market madness
  2. holding cash, maybe half of my portfolio is easily liquified, and I have a mental model of reasonable dips. I think if the economy truly tanks having cash will be huge
  3. it's uncertain how long a downturn would stay in effect, I'm prepared for about 3 years
  4. looking into emigration, there are more stable countries about
  5. passport renewal
  6. vpn

It's a privilege to even be able to prepare for this storm, most Americans don't have the means