Chris Dunn: How To Recession-Proof Your Portfolio (My 2020 Investing Plan)
Click here for the show notes & links: https://chrisdunn.com/how-to-recession-proof-your-portfolio-my-2020-investing-plan/
If you've been paying attention to the markets, you know everybody is talking about the possibility of a recession on the horizon...
And in today's episode, I want to talk about some ways you can recession-proof your portfolio in case a recession does hit.
I'll also cover my personal investing plan for 2020 and beyond.
Keep in mind, I'm not a financial advisor and this isn't personalized financial advice. So make sure to talk to your advisor about what the right moves are for you.
In today's episode, you'll learn:
- The two main options you have for protecting your portfolio during a recession
- Which asset classes I'm investing in now & which ones I'm avoiding
- Why most people lose money during recessions
- How you can actually profit during a recession instead of losing 50%+ of your capital
- Important lessons learned from investing in Bitcoin since 2013
- The 3 capital buckets and best strategies for investing in cryptocurrencies and gold
Links & Resources:
My Medium article - "How I’m Investing Going Into 2020 (And Lessons From My Bitcoin Investing)" - https://medium.com/@ChrisDunnTV/how-im-investing-going-into-2020-and-lessons-from-my-bitcoin-investing-ffdb203ce250
Infographic - Why managed futures can be profitable during recessions - https://info.rcmalternatives.com/hubfs/Infographic_React_in_crisis17.jpg
Infographic - The top 100 managed futures funds - https://cdn2.hubspot.net/hubfs/313774/TOP_100-Programs_infographic.jpg
Article about Wall Street only hiring quants (and firing manual traders) - https://twitter.com/ChrisDunnTV/status/1164924139737681926
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Cryptocurrency Resources:
- Best charting platforms: http://chrisdunn.com/coinigy & https://chrisdunn.com/tradingview
- Free Bitcoin basics course: http://chrisdunn.com/bitcoin-basics
- Crypto trader & investor community: https://chrisdunn.com/community
- List of cryptocurrencies: http://coinmarketcap.com/
- Buy Bitcoin at Coinbase: https://chrisdunn.com/coinbase
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Disclaimers:
- I'm not a financial advisor, attorney, or tax professional, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. Do your own due diligence, and take 100% responsibility for your financial decisions.
- I will NEVER ask you to send me money to trade for you, directly buy or sell cryptocurrencies from you, or pump a specific market. Please report any suspicious emails or fake social media profiles claiming to be me. See this blog post for more info: https://chrisdunn.com/impersonators
- Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading.
- My videos may contain affiliate links to products I believe will add value to your life.
- Read the full disclaimer here: https://chrisdunn.com/disclosure/
Additional Info
- Read full article on: Chris Dunn
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