What did you learn from the last recession?

[Swirv]

The biggest lesson I learned was that cash is king for real. When that credit crunch hit the banks were stingier than a mf

Cash could get you homes for pennies on the dollar in major markets in some cases. Steep discounts for sure. Next recession I'll be waiting

 

[TLR Is Mental Poison]

I learned that we don't learn from our mistakes. Like u said cash is king..... when the next problem comes I will be ready

 

[Poh SIti Dawn]

I was shoot 16, I guess that Jeezy could still put out a pretty good album.

 

[Danie84]

Learned that Big Business is Too Big To Fail

...getting my BA Degree in 08 was the worst timing

And, in hindsight everything that was taught to a 90s Kid was a Bald-headed Lie

 

[imirza]

I was shoot 16, I guess that Jeezy could still put out a pretty good album.

 

[imirza]

The biggest lesson I learned was that cash is king for real. When that credit crunch hit the banks were stingier than a mf

Cash could get you homes for pennies on the dollar in major markets in some cases. Steep discounts for sure. Next recession I'll be waiting

THIS ^. I know someone personally who bought 12-15 Homes in Detroit for literally pennies on the dollar. He bought some homes for $10k, and now he's already collecting $800/month rent on them.

 

[Serious]

that recessions come in cycles and are more common, than i previously thot.....
I'm guessing they'll be another one sometime in the next 5 years.

 

[☑︎#VoteDemocrat]

The biggest lesson I learned was that cash is king for real. When that credit crunch hit the banks were stingier than a mf

Cash could get you homes for pennies on the dollar in major markets in some cases. Steep discounts for sure. Next recession I'll be waiting

That borrowers are stupid as fukk

 

[CHL]

That capitalism and the business cycle is highly unstable if inadequately managed

 

[GSR]

when the stock price for one of these well established "too big to be allowed to fail" corporations plummets, buy bulk load of shares before it goes back up.

if i was into investing back in '08 i would've been eating like an emperor off of GM or Ford stock right now.

 

[88m3]

 

[TransJenner]

I learned the government is currupted like a mofo

 

[imirza]

when the stock price for one of these well established "too big to be allowed to fail" corporations plummets, buy bulk load of shares before it goes back up.

if i was into investing back in '08 i would've been eating like an emperor off of GM or Ford stock right now.

GM filed for Bankruptcy though. I know people who lost large amounts of money because of that. You don't get your money back

 

[GSR]

GM filed for Bankruptcy though. I know people who lost large amounts of money because of that. You don't get your money back

my memory is hazy but i know there were a few large corps that didnt file bankruptcy that were great buys at a point. maybe not GM but im pretty sure Ford was one of em as well as a few others.

but youre right in that we should be careful not to throw our money to companies teetering too close to the edge. still gotta do some research/due dilligence for any company you wanna invest in.

sheiiit i think tesla dropped down to $14/share or something close to that during that time.

lots of missed opportunities.

 

[acri1]

Only thing I learned was that graduating from college in the midst of a deep recession sucks.

If I could go back and do it over, I'd seriously consider staying in college a couple more years and getting my Masters and entering the workforce when the economy was at least starting to get better.