"To protect your money during a recession, pay off expensive debt as soon as possible, keep an emergency fund, and postpone any unnecessary purchases. When investing in a recession, try to maintain a long-term view. Selling during a downturn locks in losses. Do not invest money you need within 5 to 7 years, and make sure your assets are balances between stocks, bonds, and cash," says Carrie Schwab-Pomerantz.
27 Feb 2023