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Jonathan Clements’ Recession Advice: Cash is King

By JLP | September 26, 2007

Today’s Getting Going column (free) by Jonathan Clements is pretty interesting. He talks about the fact that current signs point to a recession or slowdown of some sort and that one of the ways to weather the storm is to have cash on hand for two reasons:

1. In case you get laid off

2. In order to take advantage of falling asset prices (in other words to be able to buy low)

Here’s his advice for those who are worried about a recession:

Pretty good advice.

Topics: Getting Going, Jonathan Clements |