Recessions are a hot topic—and never far from any investor’s mind.
It’s a sad fact of life that these periods are inescapable—sooner or later, the economy starts shrinking, asset prices drop, and the stock market takes a nosedive. In such circumstances, it is natural to enter damage control mode.
However, entering damage control the wrong way can easily result in wiping out years of positive progress in your portfolio. There are ways to not only survive but thrive in recessionary periods. Yet, this will require a large adjustment to the way you probably do things. If you can make that switch—do things differently than you would in a period of economic growth—your portfolio will continue to grow even in a recession….