It’s pretty much official that the U.S. economy is headed for recession. Some analysts think that we’re already there. However, all is not lost. If you have your personal finances in a good place, chances are that you can find some good opportunities right now. It isn’t all doom and gloom.
The current bear market offers some good investing opportunities. There are plenty of below-value stocks from solid companies that are likely to recover in the next 2-5 years. However, it is important to keep long-term investing in mind and look for true value, not just cheapness. The Motley Fool offers some sound advice:
Yes, this crisis will offer opportunities. But investors should do well
waiting for more transparency and focusing on businesses that can
survive for several years without new capital infusions.
If you have good credit, this is definitely a buyer’s market. Existing home prices are expected to drop, and this means that you can get a good deal on a home. Additionally, with mortgage lenders looking for qualified buyers (under tighter standards), they will be more willing to offer you better terms if you comparison shop. You might even be able to get an investment property, buying a home that you can rent out later, when the foreclosures really come in.
Disclaimer: I am not an investment professional. All investments, including real estate and stocks, carry risks. Consult an investment professional and/or do your own research before making investment decisions.