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RE: Steem Bounty - What is the Best Thing to Do When You Expect the Stock Markets to Plummet in the Next 6-12 Months?
Pay off all debt.
Reduce monthly expenditures to minimise leakage of liquid assets.
Invest 80% in high yield GIC or bonds with staggered due dates over five years.
Invest 10% in gold and silver.
Invest 10% in cryptos that do something like Steem, EOS, Bitshares.
Number 2 is the golden rule if you ask me. Something that most people thing of only when it is too late. Bonds could be a good hedge indeed, although with the last crash that was not necessarily the case for all.
I had a boss who once said it isn't what you earn, it's what you keep.
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