[HELP] Survivors of 98 and 08 recession, this is going to be my first Great Recession, how to prepare? :'(

[crimsontactics]

During 08 crisis, BRK.B dropped 50%. I bought and enjoyed good returns.

Regret never sell business, sell backside all-in.

How to be as wise as chiu Bro sales69?

 

[crimsontactics]

u r asking a pessimist

I see Bro diequick...

 

[crimsontactics]

Wanted to share my two balls best friend thread but realise kanna removed

Wlwlsmdwl Bro The_Davis!

 

[jericho75]

This one must eat with porridge de Bro jericho75!

yes. nice lor. i think one can should be able to last 1 day.

 

[crimsontactics]

Stock up warchest prepare to all in

Moi got no warchest Bro Pancake!

 

[crimsontactics]

got save better than no save mah crimsontactics di di

But moi want to be rich Bro archie7!

 

[crimsontactics]

Time to join OF

Moi not handsome Bro Dangojr!

 

[crimsontactics]

Enough to support my kid through uni and for us to retire comfortably

How to be as financially secure as you Bro fire?

 

[crimsontactics]

yes. nice lor. i think one can should be able to last 1 day.

Yeah, no money moi no appetite to eat also Bro jericho75!

 

[archie7]

But moi want to be rich Bro archie7!

your profile pic so hock ki
confirm can rich de
just that time haven't come yet crimsontactics di di

 

[crimsontactics]

your profile pic so hock ki
confirm can rich de
just that time haven't come yet crimsontactics di di

Moi cannot wait liao Bro archie7!

 

[fire]

How to be as financially secure as you Bro fire?

I'm just small fry, not qualified to advise ... Hwz forum have many gurus whom are much more qualified, go money mind forum n look around lah

 

[crimsontactics]

I'm just small fry, not qualified to advise ... Hwz forum have many gurus whom are much more qualified, go money mind forum n look around lah

Chiu are a guru too Bro fire!

 

[RandomPancake]

Moi got no warchest Bro Pancake!

51k and growing still with 40k fund on hold, small small also is war chest!

 

[crimsontactics]

51k and growing still with 40k fund on hold, small small also is war chest!

$40k not guaranteed Bro Pancake!

 

[jericho75]

Yeah, no money moi no appetite to eat also Bro jericho75!

ok lah. got life still got hope.

1998 many ppl really bankrupted. 1995-96 sinkies snatching condos like free. can even make money by helping ppl queue at condo launches.

then 1997 aug financial crisis hits. many up lorry. many jumped also. young ppl sitting at home jobless. so common back then

 

[crimsontactics]

ok lah. got life still got hope.

1998 many ppl really bankrupted. 1995-96 sinkies snatching condos like free. can even make money by helping ppl queue at condo launches.

then 1997 aug financial crisis hits. many up lorry. many jumped also. young ppl sitting at home jobless. so common back then

I dun wanna jump Bro jericho75!

 

[jericho75]

I dun wanna jump Bro jericho75!

u no debts scared what ah?

 

[diequick]

I see Bro diequick...

Median salary 5k, right? 51k is 10 mth median salary. If u go out on the streets "WL WL SMDWL i baru 51k no job", sure kena hoot.

i think u can survive a year or 2. Iust note bank balance after every year. Your salary is big chunks. Your outgoing, dont bother waste time track. Just end - start - salary (fewer entries) - dividends is ur spending for the year. Then 51k / spending. Be confident abit bit. Like LSS, "Look at bank balance, jin happy".

 

[crimsontactics]

u no debts scared what ah?

But moi savings not enough Bro jericho75!