If you have been investing, you would know that 2022 hasn’t been the best year in terms of investment returns. The number of threats to the US economy has risen considerably in the first four months of 2022. This has left many investors unsure how to effectively protect their portfolio. E.g. Crisis in Ukraine and rising interest rates, as well as sky-high inflation and slowing economic development Since the beginning of the year, the S&P 500 has dropped by 16%. On the other hand, the Nasdaq and cryptocurrency like Bitcoin have also declined by 26% and 36% respectively. Source: Yahoo Finance It might be intimidating for  investors if this is the first huge decline or recession you are experiencing. Before you do anything drastic, here are 5 tips to better prepare your portfolio in times of recession.

1. Reassess current portfolio

If the recent market correction has impacted your portfolio, now is an excellent moment to reassess it....