9 min

A Lesson About Recession‪s‬ Consider This Program

    • Investing

The word recession gets thrown around in the news all the time, but how do we know if we are really in a recession or not? The National Bureau of Economic Research (NBER) is who can determine whether we are in a recession. The formal label “Recession” becomes official well after the fact. Normally a recession is not declared until twelve months after it occurs. A recession typically happens every four or five years. So, what should you do as an investor to prepare for a recession? As an investor during a recession, you want to run for the hills! It can be excruciating to watch your stocks go down for twelve months straight. However, you can’t actually run for the hills. Instead, look at the sectors you are invested in because some do better than others during a recession. In other words, focus on turning lemons into lemonade.
 
Connect with Financial Enhancement Group:
Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup
Join our Facebook Group at www.yourlifeafterwork.com/FinancialTidbits
Visit our website at www.yourlifeafterwork.com
 
We would love to answer your questions on air!
Call Angi at (800) 928-4001 or send them to TalkToFEG@yourlifeafterwork.com

The word recession gets thrown around in the news all the time, but how do we know if we are really in a recession or not? The National Bureau of Economic Research (NBER) is who can determine whether we are in a recession. The formal label “Recession” becomes official well after the fact. Normally a recession is not declared until twelve months after it occurs. A recession typically happens every four or five years. So, what should you do as an investor to prepare for a recession? As an investor during a recession, you want to run for the hills! It can be excruciating to watch your stocks go down for twelve months straight. However, you can’t actually run for the hills. Instead, look at the sectors you are invested in because some do better than others during a recession. In other words, focus on turning lemons into lemonade.
 
Connect with Financial Enhancement Group:
Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup
Join our Facebook Group at www.yourlifeafterwork.com/FinancialTidbits
Visit our website at www.yourlifeafterwork.com
 
We would love to answer your questions on air!
Call Angi at (800) 928-4001 or send them to TalkToFEG@yourlifeafterwork.com

9 min

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