Worried About a Coming Recession? 3 Things You Can Do to Prepare Yourself
By The Smart Investor  •  May 23, 2022
Prime Minister Lee Hsien Loong has sounded a warning about a possible recession that could hit Singapore within the next two years. This slowdown could come about as a result of the culmination of several events such as high inflation, a sharp rise in interest rates, the Russia-Ukraine war, supply chain bottlenecks and the tension between China and the US. It’s understandable if you feel nervous about how your investment portfolio will perform should a recession hit. But instead of worrying, here are three steps you can take to better prepare yourself for a possible downturn. Own solid, stable blue-chip stocks Blue-chip stocks have a reputation for being solid businesses that can withstand downturns. Many also have a track record of bouncing back after facing tough economic conditions, thereby providing investors with peace of mind. Take Singapore’s largest bank, DBS Group (SGX: D05), as an example. The lender has remained resilient through the...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.

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