Can We Predict the Next Recession? What Investors Can Do

A viewer asks if another recession is coming. How do we know when it is coming and what can we do as investors? Joe explains that while no one can predict another recession, there are ways you can restructure your portfolio now so it has a better chance of withstanding the unpredictable markets. Important Points: 0:12 "The economy is not doing too well and hasn't been for quite a while and the economy has just recently only grown a half of a percent. Some people are speculating that we are going into a recession. What do you guys recommend we do as investors in case that happens?" 0:47 "If we knew there was going to be a recession tomorrow, then we would all go in cash. But we don't know when we're going to be in a recession. The top economists have zero clue." 1:17 "You have to stay invested; this is a long-term strategy. When you take a look at a globally-diversified portfolio you're going to have cash, bonds, stocks, real estate, commodities - when people fail financially, it's because they hear the speculation and they get out of their portfolio at the wrong time." 1:34 "You have to stay the course." If you would like to schedule a free assessment with one of our CFP® professionals, click here: https://purefinancial.com/lp/free-assessment/ Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.” Channels & show times: yourmoneyyourwealth.com https://purefinancial.com IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor. • Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.

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