A viewer asks if another recession is coming. How do we know when it is coming and what can we do as investors? Joe explains that while no one can predict another recession, there are ways you can restructure your portfolio now so it has a better chance of withstanding the unpredictable markets.
Important Points:
0:12 “The economy is not doing too well and hasn’t been for quite a while and the economy has just recently only grown a half of a percent. Some people are speculating that we are going into a recession. What do you guys recommend we do as investors in case that happens?”
0:47 “If we knew there was going to be a recession tomorrow, then we would all go in cash. But we don’t know when we’re going to be in a recession. The top economists have zero clue.”
1:17 “You have to stay invested; this is a long-term strategy. When you take a look at a globally-diversified portfolio you’re going to have cash, bonds, stocks, real estate, commodities – when people fail financially, it’s because they hear the speculation and they get out of their portfolio at the wrong time.”
1:34 “You have to stay the course.”
