Saturday, June 4, 2022

Still accumulating cash

I am still accumulating cash, so that I can buy the stocks I want during the crash.

The market is motivated by fear, and Warren Buffett once said, when people are fearful, be greedy. When people are greedy, be fearful.

US economy contracted in Q1. If it happens again, we are in a recession. 

More and more, we should see companies announcing layoffs. A scene that was common during the 2008 financial crisis.

Have 50 plus k on hand. Will continue to save more.
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