How can you protect your finances during a recession?

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Jul 29, 21

International investments reduce your vulnerability to a recession.

Not every country suffers from a recession at the same time. Even when they do, the impact varies. Credit Counselling Society suggests considering international investments, as they can mitigate the impact of a recession on your investments in a particular country.

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Jul 29, 21

The CBOE Volatility Index (VIX), or the “fear index,” is a fitting hedge against a volatile market.

The VIX is widely used to measure market risk. It also indicates the probable market trend (bull or bear) and runs opposite (runs downward in a bull market). As per Paul Tracy, a financial markets expert, it can act as a hedge against volatile swings in the market.

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Unchallenged
Jul 29, 21

Switch your lender if the current one is levying an SVR (Standard Variable Rate) during a recession.

SVR comes into play at the end of an initial lending agreement. In such cases, the borrower has to pay a varying rate on their loan, which is higher than the usual rate. Switching to the best deal available would help you save money during a recession.

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Jul 29, 21

Avoid selling investments out of panic in a recession.

A prolonged recession period can propel people to make emotional decisions.But financial experts say that long-term investment strategies take into account various cycles of the market. Investors should calm down and make decisions that won’t cost them in the long run.

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Jul 29, 21
Unchallenged
Jul 29, 21

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Jul 29, 21
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Jul 29, 21
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Jul 29, 21

The fight against misinformation needs a hero like you.

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Unchallenged
Jul 29, 21