Recessions and booms are part and parcel of the economic cycle.
In recent months, there has been a growing chorus of opinions stating that an economic downturn is on its way.
Even Prime Minister Lee Hsien Loong has chimed in, cautioning that a recession may hit Singapore’s shores either next year or in 2024.
It’s natural to feel worried about whether your investment portfolio can hold up should a severe recession befall us.
Rather than predict when the recession is coming, or whether there will even be a recession, I have found that it is more helpful to prepare for one instead.
By fortifying your investment portfolio, it can better withstand the headwinds that accompany a downturn.
By positioning your portfolio wisely, you can also stand it in good stead to ride the economic upswing that immediately follows every recession.
Here are several tips you can use to stand ready should a recession hit.
Stick with robust blue-chip stocks...