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3 Steps to Escape Portfolio Panic + 2 Ugly Mistakes to Avoid at All Costs

Is a recession coming? Maybe. We know recessions are inevitable. And when they’re here… the scary news is blasting on cable 24/7. Your friends, neighbors, and colleagues might be panicking once they see their portfolios dropping. To make matters worse, it’s unlikely that the next recession will look like the last one, so how do you know what to expect? But to the savvy (and well-prepared) investor, a recession can be a financial gift. They allow prices to pull back and bubbles to deflate. Smart investors have the chance to buy on sale and take advantage of bargains when others are panic selling because they weren’t prepared. The market bottom of the last pre-pandemic recession (2007-2009) was March 9, 2009.1 But no one knew that at the time. For all investors knew, the market had farther to fall. We only know that was the bottom in hindsight. It’s not likely to be high-flying dot-com stocks or the financial sector that take the economy down next time. Nor will it be subprime mortgages and the bankers who love them. What will it be? No one knows for sure, but whatever it is, it’s coming. The good news in all the uncertainty is something wealthy individuals have long known: there are juicy opportunities hiding in the dips. Easy enough to say, but what about when the next recession arrives? The trick is to keep your head level and stay alert. You can find out how to pop open your own “escape hatch” from all the confusion and rescue yourself (and your portfolio) from expensive fear-induced errors. When you have the right tools, it’s possible to seize opportunities to make money and avoid the ugly mistakes that average investors tend to make during hard times. This no-nonsense guide is designed for savvy investors just like you, who need a personal strategy to seize the opportunities hiding in the next recession. You’ll learn about the levers you can pull for your own escape hatch. You may already be asking yourself questions such as:
  • Do I have a strategy to keep my portfolio intact even when the news is bad?
  • Will I be able to recognize and take advantage of the opportunities just as wealthy investors do?
  • What types of financial dangers am I facing?
  • Do I have a strategy to maintain my investing strategy even when the economic ride gets rough?
  • Will I be able to talk to someone who can help me stay strong through trying financial times?
If any of these resonate with you, keep reading…   https://blog.diazo.com/insights/3-steps-to-escape-portfolio-panic

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