Please don't say under the mattress or gold bars.
I'm looking for serious answers. Thankyou.
2007-12-19 10:50:16 · 6 answers · asked by flip 6 in Business & Finance ➔ Investing
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2007-12-19 11:52:53 · update #1
Some good suggestions guys Thankyou everyone, as I have to pick a winner I'll have to go with land - at least it tangible.
2007-12-20 15:27:50 · update #2
Land. It's the only thing that lasts! Or gold. And I'm not saying gold bars, but when we have recessions people get scared and start buying gold, so its value goes up. So, gold is a good investment at that time. But I would buy stock in a gold mining company, such as AUY, Yamana Gold or some others. If you email me, I could write them down.
Another investment is in Proctor and Gamble or a good grocery chain, or if we are still at war, Haliburton, but then they might be getting sued big time real soon.
2007-12-19 13:53:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
All those are very good things, and he covered most of the extremely safe things. Depending on how much money you ahve, and how much risk you are willing to take there are a few other options. MCHFX is a mutual fund in China. As you know when the market is in a recssion the dollar is down. This means that the China currency is worth more dollars. So investing in China is very good. Of course when we come out of this recession, the currency will go up some, and your money will not be worth as much, It is a bit of a risk, but personally, I do not feel it will come anytime soon.
2007-12-19 19:00:45 · answer #2 · answered by stevie 1 · 0⤊ 0⤋
At the beginning of the R put $$ in bank CD's. At the end of the R ( when stocks are at the R lows, put the $$ in an indexed mutual fund & sit back & gain 100% in about 4 years.
2007-12-19 19:05:37 · answer #3 · answered by john p 3 · 0⤊ 0⤋
Think about it, during a recession, you should put as much money as you can spare into common stocks of robust businesses (ones that will survive anyway), since they will be on sale at a deep discounts, and recessions are followed by growth, that's how you know when one is over.
2007-12-19 19:22:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I think the best place would be in strong mutual funds, government bonds, blue chip stocks, CDs, or a regular old savings account.
2007-12-19 18:54:13 · answer #5 · answered by kevin h 5 · 0⤊ 0⤋
Here are the picks from "Bearish Investor", - these should all do well in a recession:
http://top10traders.com/ViewPortfolio.aspx?userID=14
(Some of the holdings are held "short")
2007-12-19 19:40:20 · answer #6 · answered by Anonymous · 0⤊ 0⤋