"A bear market and a recession… are very different. We're in a bear market right now. As an investor, you can make a difference with your overall wealth by understanding what areas vulnerable and what areas can profit as these new changes take place in our economy."—Zach Scheidt

Bear markets are challenging to work through, but they can create much more wealth if you know how to deal with them.

Zach Scheidt has a solid history of identifying oversized payout opportunities. He is the editor of a library of investment advisories, including Rich Retirement Letter and Lifetime Income Report, and the author of Big Book of Income. A former hedge fund manager, the growth of his own family, sparked him to change his career and invest in his passion for helping families grow their wealth so they can focus on the things that really matter.

Zach joins me on this episode of The Wiggin Sessions to share his pillars of successful income investing, so you always have cash coming into your account during this time when extra funds are needed to deal with the recession.

Listen in as he shares his top investment strategies for investing right now so you can generate extra income from the market and grow your wealth as we exit this economic slump.

Key Takeaways

Zach shares what happens to blue chip dividend stocks in the face of a recession during a bear market

He shares why understanding the overall economy is the key to making the right moves in your investments to increase your wealth

How bear market rallies impact dividend stocks

Why human nature is the driving force during bear market rallies

The false signals in speculative stocks that can lead to big money losses

Why the strength of the US dollar is debilitating profits for US companies doing business internationally

Why investors should focus on American-made and sold products

Why net interest income (NII) makes healthy regional banks like SunTrust so appealing right now

How retailers like Walmart and Target botched first two quarters of the year are leading to big payoffs for deep discount stores like TJ Maxx and Dollar General Connect with Zach Scheidt

Zach Scheidt

Zach on LinkedIn

Connect with Addison Wiggin

Consilience Financial

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Resources

Big Book of Incom

Rich Retirement Letter

Lifetime Income Report: Your Exclusive Dividend Retirement Guide

Your Guide to New SEC Rules

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