SBV Curated Content | A Weekly Update of Enlightening & Intriguing Information | March 23, 2022
Businesses, Stock Markets & the Economy
How to Prepare For a Recession “Why you should always be preparing for a recession….” (Ben Carlson)
“Peter Lynch once said, “Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in corrections themselves.”
The same is true of recessions.
How do you prepare for one? The same way you prepare your finances for anything else.
Instead of changing your portfolio because you think a recession is coming, create an investment plan that is durable enough to withstand a wide range of environments (one of which includes economic contractions).
Give yourself a margin of safety with a high savings rate and an emergency fund not because it will help you survive a recession but because it will help you survive any number of curveballs life will inevitably throw at you.
Pay your bills on time and create a good credit score not because it will help you during a recession but because it will help you anytime you need to borrow money.”
Your Finances & other Wealth Management links
If You Scanned That QR Code From the Super Bowl (or Any QR Code), the FBI Has a Warning for You. “QR codes are appearing everywhere–even in Super Bowl ads–but consumers and business owners should know that there are risks.” (Inc.com)
The Serendipity Account (The Savvy Life)
“While it’s important to plan the spending you want to make over the course of the next year, what happens if an opportunity drops into your lap?”
This Week’s Serendipity
Interrupted, Again: Suleika Jaouad on Cancer and Healing the Second Time Around. “The popular writer of the “Life, Interrupted” column shares an update on her health and discusses how creativity and connection help her cope with life’s challenges.” (The New York Times) Note from Sheri: I highly recommend reading her book, “Between Two Kingdoms: A Memoir of a Life Interrupted,” and subscribing to her newsletter, The Isolation Journals.