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.
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