Top 5 Recession Proof Assets; What's yours?

[Geoffrey Murphy]

Hey BP,

I just finished with having a pretty neat conversation with my mentor. He owns a decent size real estated company. They invest in mutli-family markets around the U.S. And owns a little over 1700 units.

However, our conversation was about being "Recession Proof" now I now I've seen a few individuals on this site talk about this topic, paticularly Rich Weese and others about eventually becoming "Recession Proof/Prepared" for any, and most economic downtursn. He listed is 5 asset classes that he is currently involved in for this preparation:
- Multi-family housing (apartments)
- storage units
- oil & gas
- short terms loans/under a Year
- gold & silver

Now my question is, When EXACTLY is the right time to begin this preparation, when your finally pretty much done with investing? When your stabalizing? When you reach a certain networth?

Is your portfolio suppose to be made up of a paticular percentage of assests for this?

I'm just interested to know. Read a nice article on forbes, and they even mentioned ART! Which I heard is ok as well!!

[Emily Dixon]

My FAITH is my number 1 recession/depression/ no matter what happens asset.