24hourcampfire.com
Previous Thread
Next Thread
Print Thread
Hop To
Page 1 of 2 1 2
Preparing for possible upcoming recession #14728412 03/31/20
Joined: Mar 2010
Posts: 8,875
ribka Offline OP
Campfire Outfitter
OP Offline
Campfire Outfitter
Joined: Mar 2010
Posts: 8,875
I think, as many others, were due for a big recession.

Im trying to pick up some commodities stocks, picked up good dividend oil stocks a few weeks ago, buy into more good dividend stocks in upcoming downmarket (merck, Coca Cola, Johnson and Johnson), will probably get some gold stocks in near future. Probably transfer 50 per cent of investments into a good bond fund. when interest rates rise.Obviously have all debts paid off. Sold house waiting for a dip in realestate market to buy land and hopefully build own house. The area I live now is pretty expensive due to influx of Californians with cash.

Any other suggestions?

Last edited by ribka; 03/31/20.
BP-B2

Re: Preparing for possible upcoming recession [Re: ribka] #14728438 03/31/20
Joined: Mar 2013
Posts: 20,134
mtnsnake Offline
Campfire Kahuna
Offline
Campfire Kahuna
Joined: Mar 2013
Posts: 20,134
I think there will be a hole in the food supply chain later this year and next.


Re: Preparing for possible upcoming recession [Re: ribka] #14728440 03/31/20
Joined: Mar 2002
Posts: 8,337
IndyCA35 Offline
Campfire Outfitter
Offline
Campfire Outfitter
Joined: Mar 2002
Posts: 8,337
I'm just keeping the investments I have. You can't time the market. The market has already discounted the fact that there is going to be a recession.


"If my friend Donald Trump ever decided to sacrifice his billionaire lifestyle to become President, he would be a force for ultimate justice that Democrats and Republicans alike would celebrate." John F. Kennedy, Jr. [George Magazine, June, 1999]
Re: Preparing for possible upcoming recession [Re: IndyCA35] #14728449 03/31/20
Joined: Mar 2010
Posts: 8,875
ribka Offline OP
Campfire Outfitter
OP Offline
Campfire Outfitter
Joined: Mar 2010
Posts: 8,875
Originally Posted by IndyCA35
I'm just keeping the investments I have. You can't time the market. The market has already discounted the fact that there is going to be a recession.



two stocked chest freezers full of fish and game

Re: Preparing for possible upcoming recession [Re: ribka] #14728561 03/31/20
Joined: Feb 2010
Posts: 7,094
G
gregintenn Offline
Campfire Tracker
Offline
Campfire Tracker
G
Joined: Feb 2010
Posts: 7,094
I went to the liquor store and stocked up last night.

IC-A

Re: Preparing for possible upcoming recession [Re: ribka] #14728588 03/31/20
Joined: Aug 2009
Posts: 1,594
L
lightman Offline
Campfire Ranger
Offline
Campfire Ranger
L
Joined: Aug 2009
Posts: 1,594
Originally Posted by ribka
I think, as many others, were due for a big recession.

Im trying to pick up some commodities stocks, picked up good dividend oil stocks a few weeks ago, buy into more good dividend stocks in upcoming downmarket (merck, Coca Cola, Johnson and Johnson), will probably get some gold stocks in near future. Probably transfer 50 per cent of investments into a good bond fund. when interest rates rise.Obviously have all debts paid off. Sold house waiting for a dip in realestate market to buy land and hopefully build own house. The area I live now is pretty expensive due to influx of Californians with cash.

Any other suggestions?


I think you about have it covered. I won't be changing my investments. But we have an emergency fund set back, some cash on hand, non-perishable food stuff and household stuff set back, keeping the fuel tanks in your vehicle full, staying out of debt or reducing debt, ect. It also would be a good idea to tighten up on security and increase your level of awareness.

Oh yeah, I have a decent beer and liquor stash.

Last edited by lightman; 03/31/20.

lightman
Re: Preparing for possible upcoming recession [Re: ribka] #14728621 03/31/20
Joined: Apr 2011
Posts: 42,322
hanco Offline
Campfire Oracle
Offline
Campfire Oracle
Joined: Apr 2011
Posts: 42,322
It is gonna get tough I believe. We have plenty food for now! There will be lots of things for sale before long!

Last edited by hanco; 03/31/20.
Re: Preparing for possible upcoming recession [Re: ribka] #14728623 03/31/20
Joined: Jun 2010
Posts: 10,129
M
moosemike Offline
Campfire 'Bwana
Offline
Campfire 'Bwana
M
Joined: Jun 2010
Posts: 10,129
Possible? It's a certainty from what I'm hearing.

Re: Preparing for possible upcoming recession [Re: lightman] #14728637 03/31/20
Joined: Mar 2010
Posts: 8,875
ribka Offline OP
Campfire Outfitter
OP Offline
Campfire Outfitter
Joined: Mar 2010
Posts: 8,875
Forgot to mention have at least 6 months living expenses. Covered for security and recently moved to a very safe homogenous semi rural area. Going to can more this summer. Buy a few extra doe tags.


Originally Posted by lightman
Originally Posted by ribka
I think, as many others, were due for a big recession.

Im trying to pick up some commodities stocks, picked up good dividend oil stocks a few weeks ago, buy into more good dividend stocks in upcoming downmarket (merck, Coca Cola, Johnson and Johnson), will probably get some gold stocks in near future. Probably transfer 50 per cent of investments into a good bond fund. when interest rates rise.Obviously have all debts paid off. Sold house waiting for a dip in realestate market to buy land and hopefully build own house. The area I live now is pretty expensive due to influx of Californians with cash.

Any other suggestions?


I think you about have it covered. I won't be changing my investments. But we have an emergency fund set back, some cash on hand, non-perishable food stuff and household stuff set back, keeping the fuel tanks in your vehicle full, staying out of debt or reducing debt, ect. It also would be a good idea to tighten up on security and increase your level of awareness.

Oh yeah, I have a decent beer and liquor stash.

Re: Preparing for possible upcoming recession [Re: moosemike] #14728643 03/31/20
Joined: Mar 2010
Posts: 8,875
ribka Offline OP
Campfire Outfitter
OP Offline
Campfire Outfitter
Joined: Mar 2010
Posts: 8,875
Originally Posted by moosemike
Possible? It's a certainty from what I'm hearing.


I know its going to happen but can't prove it. All the signs and conditions and the recent 2 trillion in relief package pretty much guaranteed it.

IC-B

Re: Preparing for possible upcoming recession [Re: ribka] #14728682 03/31/20
Joined: Nov 2015
Posts: 1,988
E
ElkSlayer91 Offline
Campfire Ranger
Offline
Campfire Ranger
E
Joined: Nov 2015
Posts: 1,988
Originally Posted by ribka
Originally Posted by moosemike
Possible? It's a certainty from what I'm hearing.


I know its going to happen but can't prove it. All the signs and conditions and the recent 2 trillion in relief package pretty much guaranteed it.

Yes you can.....the millions going on unemployment. Hasn't happened at that level since 1980's, and it's going deeper. You can't throw a boat anchor out on the economy, like they have, and it shutter business, without carnage in the wake. I don't like typing, and seeing it in print, but it's fact we have to face, and you have to stay strong, to be leaders in your communities.

People will refuse to believe it is happening, but you have to push through that, and plan for the worse, so you can get as much long-term storage supplies, now, while they are available.


In Memory of My Sister, MURDERED by the DEATH PANELS in the Affordable Care Act

https://www.24hourcampfire.com/ubbt...0-000-000-000-00-2-trillion#Post14710693




Re: Preparing for possible upcoming recession [Re: ribka] #14728700 03/31/20
Joined: Jun 2010
Posts: 10,129
M
moosemike Offline
Campfire 'Bwana
Offline
Campfire 'Bwana
M
Joined: Jun 2010
Posts: 10,129
Originally Posted by ribka
Originally Posted by moosemike
Possible? It's a certainty from what I'm hearing.


I know its going to happen but can't prove it. All the signs and conditions and the recent 2 trillion in relief package pretty much guaranteed it.


And the next 2 trillion stimulus is already in the works.

Re: Preparing for possible upcoming recession [Re: ribka] #14728706 03/31/20
Joined: Nov 2007
Posts: 34,993
stxhunter Offline
Campfire Oracle
Offline
Campfire Oracle
Joined: Nov 2007
Posts: 34,993
i gotten all kinds of calls for the last few days for work.


God bless Texas-----------------------
Old 300
I will remain what i am until the day I die- A HUNTER......Sitting Bull
Its not how you pick the booger..
but where you put it !!
Roger V Hunter
Re: Preparing for possible upcoming recession [Re: ElkSlayer91] #14728736 03/31/20
Joined: Mar 2010
Posts: 8,875
ribka Offline OP
Campfire Outfitter
OP Offline
Campfire Outfitter
Joined: Mar 2010
Posts: 8,875
Originally Posted by ElkSlayer91
Originally Posted by ribka
Originally Posted by moosemike
Possible? It's a certainty from what I'm hearing.


I know its going to happen but can't prove it. All the signs and conditions and the recent 2 trillion in relief package pretty much guaranteed it.

Yes you can.....the millions going on unemployment. Hasn't happened at that level since 1980's, and it's going deeper. You can't throw a boat anchor out on the economy, like they have, and it shutter business, without carnage in the wake. I don't like typing, and seeing it in print, but it's fact we have to face, and you have to stay strong, to be leaders in your communities.

People will refuse to believe it is happening, but you have to push through that, and plan for the worse, so you can get as much long-term storage supplies, now, while they are available.



no one has has accurately predicted our economy one hundred per cent. Just try and have a back up plan for the worst instead of living pay check to pay check and going out to eat every day and buying new trucks and boats etc

Re: Preparing for possible upcoming recession [Re: ribka] #14728754 03/31/20
Joined: Oct 2005
Posts: 66,542
B
Bristoe Offline
Campfire Oracle
Offline
Campfire Oracle
B
Joined: Oct 2005
Posts: 66,542
I don't know. I know that when this Corona schitt passes, manufacturers are going to crank up hard.

Re: Preparing for possible upcoming recession [Re: Bristoe] #14728783 03/31/20
Joined: Apr 2005
Posts: 10,640
JCMCUBIC Offline
Campfire 'Bwana
Offline
Campfire 'Bwana
Joined: Apr 2005
Posts: 10,640
Originally Posted by Bristoe
I don't know. I know that when this Corona schitt passes, manufacturers are going to crank up hard.


I'm no economist but I can understand lots of businesses may be hurting now......but I agree with Bristoe that when things settle down lots of producers are really going to produce.

I'm not sure how long it will take for this stuff to settle down....hopefully spring/summer will help end it quicker. Long, slow, drawn out will really hurt......

Re: Preparing for possible upcoming recession [Re: ribka] #14728785 03/31/20
Joined: Feb 2020
Posts: 221
A
AKCHOPPER Offline
Member
Offline
Member
A
Joined: Feb 2020
Posts: 221
Never chase stocks that pay a dividend! They're not all that they seem.

Re: Preparing for possible upcoming recession [Re: AKCHOPPER] #14728794 03/31/20
Joined: Mar 2010
Posts: 8,875
ribka Offline OP
Campfire Outfitter
OP Offline
Campfire Outfitter
Joined: Mar 2010
Posts: 8,875
Originally Posted by AKCHOPPER
Never chase stocks that pay a dividend! They're not all that they seem.


planning 50 to 60 per cent dividend stocks of a diversified portfolio. Can reallocate as conditions change .

Re: Preparing for possible upcoming recession [Re: JCMCUBIC] #14728796 03/31/20
Joined: Mar 2010
Posts: 8,875
ribka Offline OP
Campfire Outfitter
OP Offline
Campfire Outfitter
Joined: Mar 2010
Posts: 8,875
Originally Posted by JCMCUBIC
Originally Posted by Bristoe
I don't know. I know that when this Corona schitt passes, manufacturers are going to crank up hard.


I'm no economist but I can understand lots of businesses may be hurting now......but I agree with Bristoe that when things settle down lots of producers are really going to produce.

I'm not sure how long it will take for this stuff to settle down....hopefully spring/summer will help end it quicker. Long, slow, drawn out will really hurt......



They will but will consumers have money to purchase in 3 months at same rate as before virus? That is the question. Concerned that some percentage of current lay offs could be permanent.

Last edited by ribka; 03/31/20.
Re: Preparing for possible upcoming recession [Re: ribka] #14728817 03/31/20
Joined: Jun 2010
Posts: 10,129
M
moosemike Offline
Campfire 'Bwana
Offline
Campfire 'Bwana
M
Joined: Jun 2010
Posts: 10,129
Originally Posted by ribka
Originally Posted by ElkSlayer91
Originally Posted by ribka
Originally Posted by moosemike
Possible? It's a certainty from what I'm hearing.


I know its going to happen but can't prove it. All the signs and conditions and the recent 2 trillion in relief package pretty much guaranteed it.

Yes you can.....the millions going on unemployment. Hasn't happened at that level since 1980's, and it's going deeper. You can't throw a boat anchor out on the economy, like they have, and it shutter business, without carnage in the wake. I don't like typing, and seeing it in print, but it's fact we have to face, and you have to stay strong, to be leaders in your communities.

People will refuse to believe it is happening, but you have to push through that, and plan for the worse, so you can get as much long-term storage supplies, now, while they are available.



no one has has accurately predicted our economy one hundred per cent. Just try and have a back up plan for the worst instead of living pay check to pay check and going out to eat every day and buying new trucks and boats etc


I don't know. Eating out everyday and buying new trucks sounds perfect. And paycheck to paycheck is business as usual. laugh

Page 1 of 2 1 2

Moderated by  RickBin, SYSOP 

RR1
Who's Online Now
109 registered members (1Akshooter, 37L1, 20BR, 4and1, 35, 11 invisible), 425 guests, and 510 spiders.
Key: Admin, Global Mod, Mod
RR2/3










Fish & Game Departments | Solunar Tables | Mission Statement | Privacy Policy | Contact Us | DMCA
Hunting | Fishing | Camping | Backpacking | Reloading | Campfire Forums | Gear Shop
Copyright © 2000-2020 24hourcampfire.com, Inc. All Rights Reserved.
 
Powered by UBB.threads™ PHP Forum Software 7.7.3
(Release build 20190728)
PHP: 7.3.19 Page Time: 0.047s Queries: 15 (0.003s) Memory: 0.8756 MB (Peak: 1.0418 MB) Data Comp: Zlib Server Time: 2020-07-07 09:26:55 UTC
Valid HTML 5 and Valid CSS