Recession watch: 6 financial moves to make when the economy slows down
August 19, 2019
“But proceed with caution,” says Kenneth Waltzer, a co-founder and managing director of KCS Wealth Advisory in Los Angeles.
“One should never change investment strategy in response to market or economic conditions, as this amounts to market timing, which has a dismal record, even among professionals,” Waltzer says. An investor should use moments of market instability “to make sure that his or her investment strategy remains appropriate for their risk capacity and stage of life.”
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