Is This the Next Recession?

Ep 21: Find out exactly what to do in the face of a downturn, learn why market timing is a loser's game, and pick up our tips on how to recession-proof your life.

There has been a lot of talk and media coverage around the question of, “is this the next recession?”

There's a lot of implication that it’s this big, looming thing that’s about to happen -- and we’re all totally screwed when it does.

But this is an emotionally-charged takeaway, to say the least. Is it true? To figure out what to make of recent headlines and recession fears, we take a step back in this episode to focus on a few key facts:

We don’t know WITH CERTAINTY when the next recession will start We don’t know EXACTLY how much it might impact the market or economy We don’t know PRECISELY when it will end and a new expansion will begin

What we do know is:

Recessions are normal parts of market cycles and should be expected Market volatility is also normal, and also to be expected Market timing doesn’t work… but investing for the long term with a diversified portfolio appropriately allocated to your goals, needs, and time horizon can work very well

In this show, we look at both what we know -- and what we don't -- and explain what you should make of each so you can feel confident about your investments, your finances, and what to do if a recession strikes tomorrow (or in a few years).

Full show notes with all links to data and stats discussed in this episode here: http://www.beyondyourhammock.com/21