5 Things Warren Buffett Says To Do Before a Recession Hits

Build Liquidity

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Becky Quick earlier in 2023 that his strategy ahead of a recession is to “keep plenty of cash on hand so that people are going to keep making intelligent decisions rather than those forced upon them

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Put Your Money Into Proven Companies

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During economic downturns and stock-market slumps, blue chip stocks suffer like anything else, so you might be wary of investing in a company

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Stick With the Normal Game Plan

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he believes in taking a “business-as-usual” approach before a recession.” You don’t want to suddenly stop investing, but you don’t want to go overboard with it either by gobbling up a bunch of stocks you wouldn’t otherwise

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Avoid Putting All Your Money Into No-Growth Assets

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It’s tempting to seek a safe financial harbor before a recession by keeping all or most of your money in risk-free checking and savings accounts, where it will likely have little to no growth potential

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Keep a Long-Term Outlook

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Some recessions last longer than others, but all are temporary. In contrast, the stock market has a decades-long pattern of rising over time

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