5 Money Choices to Avoid Completely In a Recession

Many states are reopening their economies at last, but it’s unclear exactly how fast Americans will get back to spending. Stocks have largely recovered but it’s less clear what happen next with tens of millions filing for unemployment and the risk of evictions ahead of us.

The Atlanta Federal Reserve and its “nowcast” data show an economic decline in the second quarter of nearly 54%, down from a relatively easygoing negative 5% reading in the first quarter. That’s a huge decline in a very short period of time.

During a recession, or even a slowing economy, it is best to keep an eye on your spending habits and avoid taking undue financial risks. If the looming recession risk and uncertain markets are making you worry, here are some steps you can take to protect your financial interest.

Bulletproof Your Portfolio Now!

A smart investor should be prepared for anything. That’s why David Frazier created the Bulletproof Wealth Report. This comprehensive investment service is everything you will need to survive and thrive in the looming meltdown. In other words: It’s how anyone can make their portfolio bulletproof. It’s a mix of fast-growing, leading companies that are the engine of American prosperity. To that he adds a healthy dose of “insurance policies” i.e. stocks and funds that benefit when the next recession strikes. The future favors the prepared. You can be prepared. Not only that — you can profit.
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Cryptocurrency Will Shine Through the Coming Chaos

While the U.S. spends and spends and spends its way into oblivion, the eventual result will be inflation. Serious inflation. The dollar will crash, gold will shoot higher and Bitcoin, well, it can only become more scarce and more valuable. There’s a natural ceiling to the number of Bitcoins that will exist — ever. By design, there can only be 21 million of them. Soon, the ceiling will be hit. Now is the moment to get into cryptocurrency. There’s a been a rise of late, but prices are consolidating, setting up for the next leap higher. Grab Keene Little's widely followed cryptocurrency newsletter, Crypto Wealth Protocol completely risk free.
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