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As for investing, you're probably best off with the bog-standard 'invest in everything' index fund - during a recession is when you get to pick up shares at lower prices, but it's hard to time the bottom.
Even "big names" like Berkshire can be affected by a recession.
Companies that cater mostly to luxury clients Anything energy related. Geography also plays an important role. Places like the valley saw very little impact while the place I was living at in the South basically had it's software ecosystem gutted. It did bounce back within a year though, so just make sure you have enough funds to ride a recession out in the worst case.
Nah - look at what happened to the Boating industry in 2009. The values of jetskis, sailboats, etc took a major hit as demand dried up. Boats are considered luxury items
I work at a startup currently and am wondering if it’s time to start job hunting at the big companies because I worry about stability. There will be some flood of labor soon I can feel it in the air and I want to get in before that
I work at a startup currently and am wondering if it’s time to start job hunting at the big companies because I worry about stability. There will be some flood of labor soon I can feel it in the air and I want to get in before that
every company that’s not driven by hype (example: crypto, chatbots) and not focused on growth as primary objective
Companies that cater mostly to luxury clients Anything energy related. Geography also plays an important role. Places like the valley saw very little impact while the place I was living at in the South basically had it's software ecosystem gutted. It did bounce back within a year though, so just make sure you have enough funds to ride a recession out in the worst case.
> Companies that cater mostly to luxury clients Nah - look at what happened to the Boating industry in 2009. The values of jetskis, sailboats, etc took a major hit as demand dried up. Boats are considered luxury items