If you dont have time to maintain a rental investment property, you can look into real estate investment trusts (REITs). With a REIT, you can invest in residential and commercial properties without having to do any hands-on work. 4. Protect Yourself From Inflation Inflation can reduce the size of your earnings. Some experts say you may be able to hedge against inflation by investing in precious metals like gold and silver. Both commodities and Treasury Inflation-Protected Securities (TIPS) can lower the impact of inflation on your portfolio. 5. Develop a Contingency Plan View photos Making investment decisions based on your emotions can wreak havoc on your portfolio during a recession. Putting some safeguards in place before the market tanks can protect your wealth in the long run. reviewIf you think you might be tempted to sell off investments during a bear market, its a good idea to create a plan. That way you can minimize your losses and replace investments without throwing your investment strategy off track.
For the original version including any supplementary images or video, visit https://www.yahoo.com/news/top-5-tips-for-recession-proofing-your-portfolio-140651980.html