My Plan to Prepare You for the Recession
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Summary: In this video, I will discuss my thinking on how our friends here on TH-cam can use this recession in 2022 to change their lives forever, for the better.
We must be EXTRAORDINARILY patient. Our time will come.
This video applies to investors, employees, and business owners.
Time Stamps:
0:00 - Our Opportunity
10:45 - Critical Perspective
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Related Tags: Recession, Stagflation, Deflation
Disclaimer: All opinions shared in this video are mine only. Please do your own due diligence. I work with companies and have affiliate/sponsorship relationships with them. Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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YT Friends, the Fed has raised 75 BPs for a second time. Do not be fooled. A recession is underway, and within 12-18 months, some of us will be in a FAR different position than we are in today (in a good way). Use every day to seize this moment. Also important*: As the number of friends on our channel grows, there will also be a few bad apples. All trolls, negative people with toxic comments, or personally-direct comments....these will all be blocked. My Community is for Winners, and for positive-minded people.😊
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The 996 system is definitely ridiculous, but yeah, gotta weather the storm somehow and hope they find a way to improve the system.
i only believe in energy stocks. Occidental petroleum is the way to go during a period of high inflation.
clickbait title. ah ha you almost had me. You have no real incentive to help others get rich, unless it really benefits you financially. I assume this is what it is about. I'll make you rich but first sign up for my conferences, courses and books. pull out your credit card and I'll make you rich.
A Asian Larry wow
And where is that "Plan To Help You Get Rich During the Recession"? The plan is to subscribe to your social media? You are wasting peoples time by giving those false, clickbait titles. Your credibility is zero.
TRADING HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIME AND FAILED, I TRADED ON MY OWN BUT EACH TIME I KEEP LOOSING MONEY. I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET. PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH.
I came here to learn how to trade after listening to this video I'm still confused, I'm a newbie and I'm open to ideas.
The best strategy to use in trading is to trade a professional who understands the market quite well, that way maximum profit is guaranteed. Because I have learned along the way of my investment that research and analysis are important, note that experience is more needed, than luck when it comes to the financial market.
Yeah you're right, most times it amazes me greatly the way I moved fro an average lifestyle to earning over $62k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.
@@Chadjenkins868 Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.
@@Edward-cp8su Anyways not actually, what I know about trading almost on zilch lol. I make huge profits on my investment since I started trading with an Expert, her trading strategies are top notch coupled with the little commission she charges on her trade.
I like to keep a small "in case the market crashes" fund to try and take advantage of the low prices. When the market goes south, I use that money spread out over the following months buying my targeted stocks on low days. on top of my usual DCA, They keep dropping and I keep buying. I'm still in on Renewable Energy, EV, Tech, Health.coins too gotta be greedy when others are fearful. At this point I'm grateful for my FA Susan Kay Mack. Already with a 7 figure portfolio but I have no doubt investing more.
Same. I teetle on the premise that the market can and will crash at some point, as well as the notion that many individuals miss out on gains due to actually NOT being in the market and waiting for the chance of a crash. Perhaps it's wise to do both partially
out of curiosity I did read about Susan Kay Mack on the web.,she has a great resume.
i guess it's why Warren hoards a lot of cash right now. To buy more stocks of high quality companies for cheap money.
I googled the lady you mentioned, and left a mail after going through her credentials. I'm willing to make consultations to improve my portfolio
I got literal chills while watching this video. I love to come across like-minded people that pushes you to move higher and get better. Awesome video, Larry.
The pleasure is mine John!
Well that would be impossible to do considering I'm in my late 50s and I'm more interested in investments that could set me up for retirement in my 60s, my goal is atleast $2million
Building a good financial-portfolio has been more complex since covid, so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.
True! I started investing 2020 and the same year, I pulled a profit of over $1.7m, and all I was doing was basically follow the guidance of a portfolio-advisor, she does all the hardwork and I just copy.
@@lisabarnes8071 How can one find a verifiable financial advisor, I buy the idea of employing their services because finding that balance between spending and investing/saving requires counsel
@@volkovfoley4656 The advisor I use is Mary Freed Lorenz, she's actually quite known, so you could just search her
@@lisabarnes8071 I would never take advises online but i curiously looked this person up and scheduled a phone call with her. she seems proficient and experienced. thanks for sharing
When you have a strong conviction but insufficient money to take chances, bear markets may be agonizing. The importance of having cash on hand, performing thorough due investigation, and developing your own conviction in a certain firm is becoming increasingly clear to individuals
The market is always growing since there are always new features, trading chances, and financial swings around the corner. The best course of action is to stay healthy and prevent being caught off guard by anything.
@@PhilipMurray251 as a result of market volatility Building a portfolio of investments that is well-structured is a terrific thing to do while investing.
@@Natalieneptune469 Sure!! I've been trading with "Nicole Ann Sabin" because of this. Because most traders enter a stock and depart at a quick 10 to 20 percent profit, I've learnt to be patient with crypto/stocks. However, because it trades at a P/E ratio of 40-50, they will miss out on significant rewards.
@@instinctively_awesome8283 A dependable professional directing me towards developing a well-diversified portfolio is what I want right now because I am still in the workforce; the aim is to have something to fall rely on upon retirement. How can I quickly contact her?
@@wiebeplatt4749 Use your browser to search for the name to see her website.
No one knows how long the market downturn will last, could easily be years. Trying to time the market is a fools game, so trying to pick the best time to buy is also foolish. I think the key is to live modestly within your means, don't be seduced by what others are doing or buying around you. Work hard but also take time to enjoy life otherwise what's the point. The time you have for yourself and loved ones will always be much more valuable than the money you make!
For people getting FOMO now, DCA into your favorite companies you've researched, and if the market tops, you can take profit. If it bottoms, then continue your plan in peace while those chasing this rush get obliterated. Patience is crucial right now.
Absolutely Aaron.
History shows most people will underperform or lose money with their individual stock picks
Arguably my favorite channel at the moment. Your insights are always so clear and nuanced. Very happy to be involved with this community.
Thanks Larry, I love that you touched on both "if you're an employee" and "if you run a business" perspectives. Awesome.
I will forever appreciate this channel and Mrs Joyce Snyder🙌, you've helped my family alot, your videos, advice, lessons and funny words are inspirational and helpful to us. My Wife and I have been able to be minimal, conscious in spending, saving and investing wisely, I now earn every week. You're such a blessing to this generation. we all love you😘😘>
You invest with Ms Joyce Snyder too?Wow that woman has been a blessings to me and my family.
this is not the first time i am hearing of Mrs Joyce Snyder and her exploits in the trading world but i have no idea how to reach her?
@@maksimolga3196 You can communicate with her by telegam,with the username below👇👇
INVESTWITHSNYDER
@@shivanshkrish848 thanks alot for the recommendation
hey, great video -- the email list doeesnt seem to work for me as its telling me to enable javascript.
thought id post about that aas it might be a bug
I'd like to ask what we can do if Chinese adr shares get delisted from US markets? What are our options as shareholders of the adr stocks?
I am a recent Finance graduate currently studying for CFA L1. Your videos are really helpful and I am really grateful for them. Thanks
Cfa is waste of time.
@@dac8939 your comment was a waste of time to read
@@mithilmithani4990 does not make you any money and out dated now. A top Masters in Finance with programming and machine learning is far better. CFA is trash
Me preparing for recession with 100$ networth 😂
Thank you Larry, for the great advice. Just what I needed to hear. Your hard work and effort really shows in the quality of your videos. Keep it up man
What I enjoy along with the video content is the evolution of Larry's rhetoric and monetization strategies; he's clearly very intentional with every word he speaks.
Thank you for the motivation Larry
Rational thinking and a positive massage👍
Thank you Larry keep up the good work✌️
@Barley You must be losing in the market by 40%
You’re awesome, Larry. Thank you for this.
Well done thank you for your inspirational work keep spreading your light .
Thank you, Larry, for your diligence. There is no such thing as "work-life balance" if we are in work that really matters. We can't take our careers and income for granted.
Thank you so much!!! I’m so excited.
Love your videos, thank you for being this type of person. I know we all appreciate you dearly.
Thank you Pablo!
Thank you Larry, even though I am trading in Malaysian market specifically, it is really nice to hear insights from a CFA.
Dear Larry, I value your great vids which are free at the moment. You've been right in many occasions. So do you answer personal questions.
I'm looking especially at byd and nio. But with byd i feel like i missed a great chance last August. Shall i invest or wait?
Same goes for Nio.
If I need to join your private paid channel I'll consider it.
I cover the top 3-4 KWEB constituents pretty closely, as well as NIO. I don't cover BYD though. You're welcome to join whenever you want!
Hot dawg I finally caught a video that's not from nine months ago telling me what's already happening today. Let's gooooo
Ehh i worked pretty hard in my past and it never really paid off. Got the CFA and I've never had a boss or interviewer acknowledge it in any way. The jobs that require it pay half of what I make. I work right next to people with their highest education being a high school diploma. In my opinion, hard work is overrated. Once I realized this, my life was much happier.
I got CFA and biggest waste of time. Should have just stuck with my math and Finance degree. No employer cared for it and in that time friend made millions from investing in real estate flips and other investments.
I have US ADR Alibaba stock, if in case it is get delist. Can I covert to HK ADR?
If you have the KWEB ETF, the ETF will do it for you.
@@LarryCheungCFA Thank you.. Can I convert US ADR to HK ADR?
Will the "time to strike" likely be a short 1 or 2 day window do you think?
Despite what Larry is saying here, timing the market is a fool's game unless you are sitting in front of a trading desk 24/7
My TSLA got called away cos I believed that we are heading for a slip. But the market rallied instead. Feeling 😢
Great video thanks
How can I make you my mentor? like 1 on 1 conversation? I am a Wall Street employee but I am not a CFA or portfolio manager, I need your help.
Will home prices really fall by a significant margin? Unlike the previous '08 recession, there isnt an excess of available houses right and investors arent building more to meet that demand
There’s an excess in houses right now. Excess is relative to demand… demand is gone and we are already closing in on 2019 levels… just look at the charts… 3-4 more months of the same growth coupled with the builders about to bring another million + homes in? 😂
There’s too much housing-that’s why prices are already getting slashed. Builders are liquidating … go look
Where I live the cost of renting a home is comparable cost of owning, and even cheaper because I'm not tempted to remodel everything.. I like calling landlord when things break. Also more can be made in the market than your property with some basic macro and political knowledge.
Larry, is the possibility of a looming financial crisis and bank liquidity issues in China something that is concerning to you in regards to your investment decisions?
Yes - This is why I believe the best buying opportunities for most companies are in the future, and not right now.
@@LarryCheungCFA I appreciate the reply. Have a position in China through broad index funds, will stick to my long term strategy to hold on. Thanks Larry.
Hey buddy, thats AMAZING video! I am so happy that there is some professional voice saying what is in my mind!
Around October last year I downgraded my living space to reduce costs of living by over 50%, as was expecting bad times coming and trying to reduce absolutely any unnecessary expense. Recently I changed jobs from discretionary sector to utilities sector as I am worried that employment, earnings etc in discretionary sector will fall October here in Europe (energy bills cause high price of living and cost of basic goods -> people will have significantly less money to spend it on "pleasure"), while utilities is absolute must. Luckily for me, my earnings stayed same!
And since last month as opportunity arrives I am doing even more work as you advice today -> be valuable, and obviously earn more when market is cheap to accumulate as much!
It works so far so well. I hope many of your viewers will appreciate, stick to the plan and get through upcoming times with head up!
Regards!
Let's succeed together. We can do this.
good advice to not fall for the bear market rally.. personally I've been out since march and simply reenter SPY.. probably around Q1 2023
So some of the advice for beginners is to practice DCA without explaining what DCA means.. What's up with that?
Terrific advice. If you are prepared, a recession can make you rich. Imagine going to Costco and finding that everything is 50% to 60% off. You would stock up on EVERYTHING, wouldn't you? The same principals apply for real estate and stocks. Get prepared now. Make it happen.
Great video Larry!
Going all in and working crazy hours is great… if you personally reap the fruits of your labor. Don’t be a W2 wage slave making money for someone else. Going solo is the only way to create real wealth.
I hope some of these people sitting out work/careers are working on their dreams and gifts to the world.
Focus will also be very much on Bitcoin and hidden altcoin gems for me.
Can you make your portofolio public, so we see your strategy in action?
Actions speak louder than words.
The inflation is over prices of everything going down, it was pandemic induced inflation like 1918 pandemic inflation topped 1921 then plunged
That 996 system, you'd have a more fulfilling life being a slave under any system in all of history than that one. How can that be real?
Capitalize on people nervous about a recession. That's what you're doing, and that's how to get rich.
Remember when recession used to be a rare thing like solar eclipse? *sigh*
Welp, Happy recession guys.
Get into meme stocks they will go to the moon when hedges get margin calls. Gold silver energy.
Make us rich mfs 🤣🤣🤣 loved it. This type of Humour is missing in finance
It'll take years to bottom housing market, just look at the charts, rises and falls are almost symmetrical.
I've been working hard and saving for more than a decade, when central banks went to 0 I tough it must be temporarily, they have kept 0 rates for almost a decade, everything is super high, I was wrong. I'm burnt out at work and need a break, I don't care about housing market, it'll kill me to keep going and preparing for another rely.
I think for me the best strategy is to stop working for a while, eat some savings, put myself into hibernation, slow down, regenerate and slowly prepare for better times.
My company did a 30% lay off lol
This had nothing to do with investing
Job? Never had one of those but im thinking to get a job for 1 reason to buy bitcoin and tesla stocks :D
great video ...thank you....For me: I am all in Precious Metal mining stocks ( Gold/Silver ) + cash ....and 25 % (penny) small Caps. ...that are growing and are all financially healthy to survive any crash, recession etc...and 8 % in 3 Crypto's……....have my watch list of excellent mid & large. cap stocks that I will scoop up when the inevitable 50 + % mkt. crash/correction takes place...Thanks again
Our time will come!
💯💯💯👍
Surely, this is the height of predatory capitalism, making money from someone else's pain. This is the American sickness. Someday we will have worker owned and direct cooperatives.
This is very encouraging and positive for us employees who need to be grateful for what we have now and become the best and valuable employees by learning more and offering more to the company. Rewards will come for sure sooner or later!
That is right. The best people will always will be rewarded.
I'm thinking of investing in the crypto market but am taking my time to figure out how the whole thing works
Me too, Please I need someone to help me trade or invest the forex or crypto market cause am trading in losses myself I have blown my account twice and it's frustrating
@@rolandtroll6785 As a beginner who don't understand how crypto trade really works and you really want to make profit from it. I will advise you to start working with a professional broker...
I have been doing self trading for a while now ...
It isn't easy at all but am just picking up gradually but working with a professional is the best
@@jameshenry9718 hello am a newbie..do I really need an expert to trade?
@@wademark6424 yeah bro you need an expert am just doing self trading for now is not paying off much... because am not putting in Alot the more money the more income
Recession makes people desperate
holy shit. this is nothing but a sale video.
In no way, shape or form in which you provided any tangible teachings, only buzzwords. Take more responsibilities during a recession? And How will the employer finds the money to pay for your extra work? The logic is flawed.
DCA works, only if you have decades of waiting time. Research great companies, learn the fundamentals and technicals instead of just throwing money into the stock market like this guy said.
MooMoo is a terrible broker. MooMoo do not have >1T dollars clearing house, which means they are extremely dangerous to park your investment with during this volatile time.
MooMoo also utilize CFD to purchase stock. CFDs are certificate for difference. They will gives you an IOUs on your investment and simply give you the difference when you make the sale. You will not have the power to vote and/or attend shareholders meeting.
Please listen to Peter Lynch or Ray Dalio for the outlook. Jesus, observe Michael J Burry too if you have time.
99% of the financial analysts are spitting BS. This is a sale video.
Work-life balance just means that you pay attention to what is important in your life. Of course, if your spouse is not as important as your work, then by all means...carry on.
LOLZ
Hey Larry, Analyse Indian markets too. They're exciting, I believe more than US and China.
How to go broke lmaoooooooo
I like you, but pls don't judge the behaviour of young generation, an idiot (Musk) said 56 hours per week work, 72 hours sleep and 7 hours sport (per week) , stop loosing time!
This analysis makes me sick, becoz they never count time for transport, grocery, cooking, house cleaning, children ... every day and every week.
The little time pictured playong playstation or sitting starring in walls doing nothing, are the most important moments in our life to discharge our minds. We need that pause every day, we need it every week, otherwise we are broken.
Man this video was boring, not what I expected at all. More motivational talk than Financial talk
You are funny.
You are missing 50% of what to do.
You promote following the indoctrination system.
You are a good sales person for yourself.
My own plan is to stop following you. Please stop promising people how to get rich and be more modest.
I think we all understand the clickbait but the content is not promising anyone. He's just giving information.
Thank you for announcing your departure, let's take a look at the people who asked: 0
@@h.y.3457 Make that 1, I asked
If 60-70% of society will become significantly poorer and your wealth remains same as now, wouldn't you even consider that you are the one who is rich?
There is joke about having wish which goldfish make true. I wanna be wealthiest in the world. Puffff.... Magic happens. But I still got on my account 1k$! Well... every other people have less than you.
Would you be happy to have 1 trillion dollars today if everybody else had 100 trillion? Very narrow and shallow thinking buddy :)
Then go ahead and follow your plan, and have a wonderful day. If you watched the entire video rather than judge from just the title, you would understand my intention is to help every single person who has the desire to succeed in the very challenging environment we will soon be in.
There are no promises in this video. You clearly didn't watch it.