7 money moves you should never make in a recession

Here are crucial factors to keep in mind if you’re thinking of making any serious money moves when a recession is on the horizon.

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Panic is a natural human response to a recession – but natural does not always mean good, let alone optimal.

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Be Cautious with Credit

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Avoid High-Risk Investments

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The markets always rebound, so staying invested is the only way to benefit from the inevitable recovery.

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7 money moves you should never make in a recession

Here are crucial factors to keep in mind if you’re thinking of making any serious money moves when a recession is on the horizon.

Panic is a natural human response to a recession – but natural does not always mean good, let alone optimal.

Avoid Panic Selling

Be Cautious with Credit

The danger of high interest rates and accumulating a lot of debt is simply much greater in a recession. It’s best to exercise caution here.

Avoid High-Risk Investments

Recessionary environments cause these already volatile investments to experience even wilder price swings.

The markets always rebound, so staying invested is the only way to benefit from the inevitable recovery.

Don’t Stop Investing Altogether

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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