[quote=42nate1]Recessions come – they always do. The unknown is when. Unless the Coronavirus turns into a pandemic, the US is not going to go into a recession this year.
I am looking forward to the next recession. I have a long list of stocks I want to buy on sale.
My goal is also to buy a small apartment complex in the next recession. I was fortunate enough to buy two properties in 2008-2010. Not smart enough to aggressively buy more. Have bought some other properties since then. They cash flow, but missed the big appreciation gains.
I love the though of “one and done”. A small complex at the right price point, and I don’t need to ever purchase another property again.
Still have not figured out the down payment portion of this goal. I need a few more years.[/quote]
I don’t think anyone , inclusive , would disagree with you about an eventual recession. The mockery was about linking it to Trump or for that matter Obama or even Sanders. And for that matter the giddiness of any bad news that comes out lately, there’s this audience that literally jumps up and down thinking “here’s the big one coming”…. and it’s been going on for 4 years. 4 years and a lot of lost opportunity…I’m still trying to understand how their crystal ball is working out.
None of this imho would even be necessary if there was a longer term , regular , DRIP investment strategy in place. It still amazes me how some people dont do it , if at all, as a plan B backup plan, and still count on a one shot, one trick pony event. People still think over the long period they can beat the markets consistently by a one trick pony after giving up years (decades ?) of opportunity. Not everyone, obviously, some with D&G viewpoints.