Recession is coming… Precautions..,
Recession is coming … make your own
judgment, don’t panic !! Do what is wise.
The recession looks very eminent. It is really time to take pro active
steps to avoid a painful time in the next two years which is how long the
recession is expected to last.
1. Don’t take any loans, buy homes, properties with loans, or even cash.
Keep as much cash as possible.
2. Pay off as much of personal loans, private loans, as debt collection
will be hastened.
3. Sell any stocks you can even at lower prices.
4. Take money off from Trust Funds.
5. Don’t believe in huge sales forecast from customers, be
extremely prudent, lowest inventories, reduce liabilities.
6. Don’t invest in new capital.
7. If you are selling homes/ properties/ cars , do it now, when you can
get good prices, they are going to fall.
8. Don’t invest in new business proposals.
9. Cancel holiday plans using credit cards.
10. Don’t change jobs, as companies will retrench based on ‘last
in first out’.
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