Authorization

2 steps to take to protect your money from a recession, according to a financial expert and bestselling author

2 steps to take to protect your money from a recession, according to a financial expert and bestselling author
Courtesy of Ramit Sethi



Ramit Sethi is the author of the New York Times bestseller, "I Will Teach You To Be Rich."




If you're worried about a recession, there are only two things you need to do, according to Sethi: secure an emergency fund and ensure your investments are diversified across, and within, stocks and bonds.




Sethi recommends target date funds, which automatically choose a blend of diverse investments based on your age — the younger you are, the more aggressive the investments.




The "biggest danger" to a young person isn't a risky portfolio or potential market drop, he said, but avoiding investing all together.




Visit Business Insider's homepage for more stories.



It's near impossible to recession-proof your money, says financial expert Ramit Sethi.
"The market will go up, the market will go to down. Nobody knows. Nobody can tell you. It doesn't matter if they're on some TV show or anything. It's all bullsh--," Sethi, who recently released the second edition of his bestselling book "I Will Teach You To Be Rich," told Business Insider.
"A better question is, 'Can I have a diversified portfolio?' ... And do you have enough cash just in an emergency fund in case there was something bad that happened to you on a day-to-day living basis?" Sethi said.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Апрель 2020    »
ПнВтСрЧтПтСбВс
 12345
6789101112
13141516171819
20212223242526
27282930