Despite Strong Economy, Two-Thirds of Adults Fear a Recession Could Come Next year, According to Invest In You Survey
A recession can feel personal. After all, says Robert J. Phillips, a certified financial planner and president at Greater Midwest Financial Group in St. Paul, Minnesota, the last recession is still fresh in many people's minds. When investment portfolios and primary homes both lose value, it makes people uneasy. You might look to reduce some risk in your portfolio, whether it’s switching from more volatile stocks to dividend-paying or utility stocks or shifting from an S&P index fund to a balanced fund, Phillips says. “We call it the sleep index,” he said. How well can you sleep at night if your portfolio is losing value?
CNBC.com, November 11, 2019