When investors here the term "recession", one of the first things they think about is what the impact on their own personal portfolios might be. If they've lived through a few recessions, they often flash to painful personal events and memories, like a plunge in the value of their 401(k) or a drop in the value of their home.
But recessions, while unpleasant, aren't something to live in fear of. Rather, they should be prepared for in terms of portfolio construction, personal savings rates and diversification. Surviving dips in economic growth and the market reactions to these setbacks is critical.
In this edition of FAQ, Ben Carlson, Michael Batnick and Joshua Brown of Ritholtz Wealth Management discuss several key answers to the questions they get from clients, colleagues and friends about what they should be doing now - in advance of the next recession.
Let us know your ideas for the next FAQ in the comments below, and we'll get to work on answering your questions!
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