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If youre an investor, you may be anxious about what that could mean for your money.
GOBankingRates talked to some financial experts for their advice oninvesting strategiesthat could help you in a recession.
Diversify Your Investments
Diversification can be another important investing strategy to help you during a recession.
Cheng pointed to a recent example where a client reached out to her with concerns about his portfolio.
He felt that his portfolio was too conservative because I includedboth growth and value, she said.
One month later, he understands why both are in his portfolio for diversification.
Consider Dollar-Cost Averaging
Cheng said some people mistakenly assume they need to be rich to invest.
Dollar-cost averaging is a strategy that involves investing a predetermined amount on a regular basis.
These are essentials that could includefood, utilities and healthcare.
They have a proven history of weathering recessionary times, Gregg said.
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