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Enthusiast
Don’t try to predict a crash or recession, trying to time the market will backfire for most.
Hone your marketable skills so you don’t lose your job (or can find a new one).
Save up an emergency fund of few months expenses.
Invest in quality mutual funds or Index funds.
Pay off all debts outside of a mortgage.
Cash. Buy the dip.
Chief
Safest that keeps pace with inflation is U.S. govt IBonds.
Safest with hardly-beaten growth over long timespans is full market low fee indexes like VTI
Prep is to steel yourself against withdrawing when current value plummets.
Also nice to put yourself in a career, if possible, that is insulated against recession. Software engineering and medicine for examples recently.
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