Its not a good idea to experience in our lifetime the crashes that happened in 1929 or repeat of 2008. Some say we are all ready experiencing this, if you buy your own food or go to the market for your necessities.
There are several things you can do to offset the effects of "depression or crashes"
1. Have more sidehustles
2. More frugality
3. Strengthen your connection for those who have food or who are stable
4. Go to the province
But for those who are financially adept, a crash or depression is an event that recalibrates the economy that is overheated, overvalued, or gone crazy. The price has settled to its real level and now if you are ready you go bargain hunting and grow big with your purchases. This is what the moguls are doing now as Warren Buffett. He is sitting on a cash hoard to buy on fire sales stocks that will crash.
Is this opportunistic buying or vulture investing. ? Living of carcasses of people who have lost it?
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