If you're invested for the long-term, you'll probably be OK
There's no way to recession-proof your money, but economic turmoil doesn't have to ruin you financially. Lauren Anastasio, a certified financial planner at SoFi, says investors with the"wherewithal" to ignore market fluctuations during a recession will come out on top. In other words, if the money you have invested in the markets isn't essential to your current financial plan, you'll be OK.
There's no way to recession-proof your money, but economic turmoil doesn't have to ruin you financially. Lauren Anastasio, a certified financial planner at SoFi, says investors with the"wherewithal" to ignore market fluctuations during a recession will come out on top. In other words, if the money you have invested in the markets isn't essential to your current financial plan, you'll be OK.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 people who definitely need to see a financial plannerWhether you're a high earner, self-employed or a young person who's just starting their financial life, a financial adviser can help.
Read more »
Hedge funds aren’t betting on a recession, Goldman data showHedge fund investors don’t buy the idea that the U.S. economy is headed for a recession in the near term, according to data from Goldman Sachs
Read more »
Trump is in danger of engineering a global manufacturing recession, says financial advisor'We're at a point where the President holds all the keys to this and if he doesn't get off of this bad trade policy, it's going to be bad for the entire world,' Jamie Cox of Harris Financial Group says. He joins CNBCTheExchange to discuss.
Read more »
Dow Tumbles As Markets Finish Fourth Straight Weekly LossRecession anxiety, tariffs, the Fed and Trump tweets shook markets.
Read more »
Dow Tumbles As Markets Finish Fourth Straight Weekly LossRecession anxiety, tariffs, the Fed and Trump tweets shook markets.
Read more »
Employment in southern Europe: better, but fragileThe labour-market recovery in southern Europe still has further to go
Read more »