Worried About a Recession? Owning These Stocks Could Ease Your Fears
For months now, experts have been sounding warnings about a potential recession. And while we can't say with certainty that we're headed for a downturn, there's reason to gear up for a period of economic decline.
The Federal Reserve is raising interest rates in an effort to cool inflation. But as borrowing gets more expensive, consumer spending could wane. That could, in turn, deprive a lot of businesses of revenue, thereby spurring widespread layoffs and other unwanted consequences.
At this point, there's really no need to lie awake at night worrying about a recession. What you should do instead is shore up your emergency fund and make sure your portfolio is diverse enough to withstand an economic downturn.
Source Fool.com
