To cope with recession, my trading plan is to invest in stocks that are blue chips and lesser risk. This can include bank stocks or etfs to diversify the risks. There may also be a chance that the stock price will fall due to recession, so there is a need to invest longer term and ride through the recession. Only invest money that i can afford to lose, so i should not touch my savings.
$特斯拉 (TSLA.US)$ stocks increased by almost 10% this week alone. Can it keep up its momentum? There are some analyst reports that said that the stock is overvalued by 1 trillion dollars. Cathie Wood also sold her holdings. Since I am risk averse, i shall only invest however much i can afford to lose...
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