Money Rehab with Nicole Lapin How to Recession-Proof Your Finances
6 snips
Apr 7, 2025 Discover essential strategies for protecting your finances in uncertain economic times. Learn about resilient investments like defensive stocks and TIPS that can thrive during recessions. Nicole shares valuable tips on diversifying your portfolio and the importance of seeking professional advice. Plus, get inspired by personal stories of productivity and comfort experienced while staying at an Airbnb, highlighting the potential of rental opportunities in today's market.
AI Snips
Chapters
Transcript
Episode notes
Recession-Proofing Your Portfolio
- Diversify investments across different asset classes to reduce risk.
- Consider defensive stocks, dividend-paying stocks, and TIPS to protect your portfolio during recessions and inflation.
Recessions vs. Inflation
- Recessions cause reduced spending, impacting corporate profits and the stock market.
- Inflation, however, reduces purchasing power without necessarily affecting company performance.
Defensive Stocks
- Invest in defensive stocks like Procter & Gamble, Johnson & Johnson, and Duke Energy.
- These companies provide essential goods and services, maintaining consistent earnings during recessions.