With stocks plummeting and interest rates rising, many investors expect a recession in the near future. So how can you prepare your portfolio for a possible downturn?
Bankrate’s Second-Quarter Market Mavens survey asked professional investors what you should do to protect your money and how to invest in the event that a recession does come to pass.
The stock market has been in a serious downturn this year, with major indexes such as the Standard & Poor’s 500 falling more than 20 percent and turning into a bear market. Inflation hit 8.6 percent in May, and the Federal Reserve has been aggressively raising interest rates to help fight it. Many investors expect rising rates to ultimately tip the economy into a recession.
