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Earn Your Leisure

Navigating Recessions: Top Stocks & Strategies

14 Aug 2024

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Welcome back to another insightful episode of Market Mondays! In this session, your hosts Ian Dunlap, Rashad Bilal, and Troy Millings dive deep into critical investment strategies to weather economic storms, focusing particularly on recession-proof stocks and hedging techniques.**🟢 Key Highlights:****1. Inflation Hedge and Gold Investment:**Rashad Bilal kicks off the discussion by asking about the importance of gold in portfolios during inflationary periods. Ian Dunlap answers by stressing the importance of investing in companies that "run the world" like Vanguard, Blackrock, Apple, and Microsoft over gold. According to Ian, the tech sector outperforms post-recession and offers a higher yield over time compared to gold.**2. Top Stocks for Recession:**Ian highlights his top stock picks—Microsoft, Apple, and Nvidia—stating they are designed to withstand market volatility and ensure portfolio stability. He also suggests that Bitcoin could be an interesting hedge as the dollar falls, particularly if Bitcoin drops below 40.**3. Alternative Stock Picks:**For those who prefer to look beyond tech, Troy Millings offers additional suggestions. He recommends Costco for its necessity products, Eli Lilly for healthcare, and Procter & Gamble for their stable, long-term performance.**4. Market Predictions and Strategies:**Will the Nasdaq see another pullback? Ian predicts a medium pullback in September, creating a buying opportunity, followed by a bullish trend. He underlines the importance of understanding market cycles and staying prepared for any sudden changes.**5. Diversification Debate:**Ian also discusses the concept of diversification in tech-heavy portfolios, pointing out that owning ETFs like VOO or VTI, which are tech-weighted, may not be as diversified as one might think.Don't miss out on this rich conversation filled with actionable insights and strategies to fortify your investments against economic downturns. Whether you're a seasoned investor or new to the game, there's something here for everyone!**🔔 If you found this episode helpful, please LIKE, SHARE, and SUBSCRIBE for more financial insights every week! 🔔****Chapters:**0:00 - Intro0:13 - Gold as a Hedge Against Inflation2:19 - Alternative Hedges: Bitcoin and Key Stocks2:35 - Top Three Recession-Proof Stocks6:13 - Nasdaq Predictions for Q47:10 - Market Sentiment and Final Thoughts**#MarketMondays #StockMarket #RecessionInvesting #Gold vsBitcoin #TopStocks #FinancialFreedom #InvestmentStrategies #EconomicOutlook**Tune in next week for more market insights and financial strategies with your favorite hosts. See you on Market Mondays!---Our Sponsors:* Check out PNC Bank: https://www.pnc.com* Check out Square: https://square.com/go/eylAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacySee omnystudio.com/listener for privacy information.

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