Vivian Tu

But it's also about making sure that you're being smart with that allocation.

You know what else is going to go down when there's economic downturns?

It's also a really good time to buy designer goods on the secondary market.

But are those necessarily going to rebound the same way that the S&P 500 will?

I don't know.

It's also a really good time to take advantage of travel deals.

Are those going to provide you as much value as an investment?

I don't know.

That is up for you to decide.

But being prepared for these moments and being mindful of what your spending and investing looks like during these especially incredibly important, it's usually five to eight actually, five to eight economic downturns you'll see throughout your life.

could be the difference between whether or not you're okay or very comfortable.

As for the technical definition, for it to be a true recession, you have to see two quarters of down GDP growth.

We're actually not technically in a recession, but it does feel like a vibe session.

And it's felt like a vibe session for quite some time because it has been a K-shaped economy.

while the people who have money like we talked about just now have continued to get richer and richer and richer the rest of us regular people have really felt a squeeze on our wallets at the grocery store at the gas pump in our rent in everything that we need to spend on and so even though it may not be a technical

recession a technical economic downturn sure does feel like it for so many people yeah so is now one of those good times to basically be ready and invest here's the thing it's never about trying to call the bottom it's about making those healthy choices throughout your life so it is impossible for us to know whether we're at the bottom or if we're at the top

If I knew, trust me, I would not be on this podcast.

I'd already be retired and Bora Bora, you'd never hear from me again.

But the joke is the smartest guys on Wall Street don't know either.

And so if you're consistently investing a fixed dollar amount every single month, when prices are higher, you'll naturally buy fewer shares.