Updated about 7 years ago on . Most recent reply
What are you doing to prepare for the next downturn?
We all know that it's a matter of when not if. How are you preparing for it? What are you doing differently this time around?
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Joe Villeneuve
#5 All Forums Contributor
Pro Member
#5 All Forums Contributor
- Plymouth, MI
When you say, "we all know", are you implying that what you say is Gospel Truth?
My prep consists of continuing what I'm doing now.
If you analyze properly, and buy based on that analysis, any "downturn" should impact you less than others, and in fact, set you up to be empowered during that "downturn".
The Risk Controls you put in place, and follow, for the "upturns", should have the same control during a downturn.