From Financial Samurai …
During the last downturn, I lost about 35% of my net worth. I don’t plan on doing that again.
Losing 35% is not as bad as the S&P 500 losing ~60% during its worst period, but it still hurt like hell due to the speed and absolute dollar amount of the loss.
Realistically, my target scenario during a recession is to stay flat – neither make nor lose money. But my blue sky scenario is to actually try and make lots of money as the world collapses all around.
Here’s how I plan to do it and how you might too if you’ve accumulated enough money or are planning to retire within the next five years.