Jerremy Alexander Newsome is one of the leading global minds on stock market education and serves as the CEO of Real Life Trading.
A few months back, I began a quest with some fellow investors to identify a “recession-resistant” asset. We decided that finding something “recession-proof” was not a reasonable goal, so we lowered our expectations and got to work.
At that time, the stock markets were extremely high, recession was looming and it was inevitable that interest rates would increase. Anticipating that the change in rates would cause the stock market to drop, we began exploring alternative investments that would not react negatively.
Fine art was suggested but quickly rejected as we decided it was too speculative. Crypto was also suggested; at that time, Bitcoin was selling for approximately $60,000. The consensus was crypto would be a smarter move after Bitcoin saw a drop