
Earn Your Leisure
Navigating Recessions: Top Stocks & Strategies
Aug 14, 2024
Rashad Bilal, an expert in investment strategies, joins Ian Dunlap, an investing authority, to discuss recession-proof stocks and financial resilience. They emphasize investing in powerhouse companies like Microsoft and Apple over gold during inflation. Ian predicts a medium pullback for the Nasdaq, suggesting a buying opportunity, while highlighting Bitcoin as a potential hedge. Troy Millings adds his picks—Costco, Eli Lilly, and Procter & Gamble—for stable, long-term investment during economic downturns.
07:42
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Quick takeaways
- Investing in recession-proof stocks like Microsoft and Apple can provide stability during economic downturns due to their market resilience.
- Utilizing platforms like Acorns makes investing accessible for everyone, allowing individuals to start with minimal capital and build wealth over time.
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Investing Made Accessible
Investing can feel overwhelming due to common misconceptions about needing significant capital or expertise, but there are accessible options available. One notable solution is Acorns, which allows individuals to start investing with small amounts of money, such as spare change. This platform creates personalized investment portfolios based on financial goals, making the process straightforward and automated. By focusing on ease and accessibility, Acorns empowers users to engage in investing for retirement and savings without requiring extensive financial knowledge.
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