How Recessions Start (and How to Prepare) скачать в хорошем качестве

How Recessions Start (and How to Prepare)

Economic weakness alone doesn’t trigger a recession—it takes an outside catalyst, like the 2008 financial crisis or the COVID-19 recession, to push a weakening economy over the edge. Recessions are a natural part of the economic cycle. We tend to view recessions like the boogeyman, but they’re necessary for society to function properly and not all bad. They often flush out poorly run companies, allowing quality businesses to thrive. Because recessions require an outside catalyst, they are difficult to predict, making it challenging for economists and portfolio managers to know when a recession will actually happen. Although you shouldn’t fear recession, there are things you can do to protect your finances: 💰 Building a cash buffer 💲 Staying invested 💸 Diversifying your portfolio Recessions are temporary, but the right preparation can make all the difference for you when they happen. Want to make sure your portfolio is in a good position? We’re happy to help 👉 bulloak.com. ================ We help high-income earners capitalize on their accomplishments with pragmatic, data-driven financial advice. Learn more about Bull Oak → bulloak.com 🔔 Subscribe to be notified of future videos:    / @financialplanner   Timestamps: 0:00 - A definition of recession 1:27 - 2008 and Covid 2:34 - The recession cycle 3:59 - Economic Darwinism 4:50 - Weak economy + a catalyst 7:59 - Other examples 8:59 - 3 steps to prepare 11:00 - Recessions are a normal process