027: Preparing for a Market Downturn

Welcome to the Big Mike Fund Podcast! Today’s episode is a topical episode. I want to share how you can prepare for the inevitable downturn coming to the global economy. 2019 is going to see a recession. I have been saying this for a few months now and I want you to be ready for the changes coming down the pipe.

MINUTES MARKERS

00:00 — Introduction to the Big Mike Fund Podcast.

00:23 — Welcome to today’s monologue.

00:50 — The economy is currently in a technical recession and it will get worse.

02:00 — The federal government will slow interest rates hikes and why that is good.

02:49 — The effect of the trade wars.

03:26 — My opinion on the situation with China.

04:18 — The outlook from a global perspective.

05:47 — What a recession will mean for you.

06:20 — The corrections to the market you can expect.

07:30 — The increase in demand for affordable housing.

08:28 — Point 1: consider your cash flow.

09:40 — Point 2: look for value-add projects.

10:30 — What a recession will mean for the stock market and other investments.

11:26 — Why real estate is still a sound investment.

12:18 — What is actually considered “affordable housing.”

13:13 — Why duel exits are best.

14:07 — Avoid investments that are dependant on commodity prices and trade agreements.

15:19 — Syndicated deals don’t work in this environment.

17:10 — The areas that will always do well.

19:02 — Invest in what you understand and people you trust.

20:10 — Increase your access to cash.

20:52 — Why an investment partner is a good idea.

21:33 — Look for properties in distress and what that means.

23:20 — A recap of today’s topic.

23:51 — Thanks for tuning in and how to contact me.

24:06 — Outro to the Big Mike Fund Podcast.

RESOURCES

Big Mike Fund

 

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