Avoid This Costly Investing Mistake if a Recession Occurs This Year
There have been a lot of mixed signals about the state of the economy and where it could be headed toward the latter half of 2023. Between people reading into inflation dropping, the Federal Reserve raising interest rates, and banking industry concerns, there's a lot to read into. Too much, honestly.
Nobody can say for certain if a recession will happen, but with recession fears looming, it's always better to be overprepared than underprepared.
A recession is likely to come with noticeable drops in the stock market, but the one thing you want to avoid is panic-selling, which is when an investor sells shares because they fear potential losses. It's more of an emotionally driven decision than a rational one.
Source Fool.com
