Some experts say a recession is coming. Here's how to prepare your portfolio

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Some 68% of chief financial officers expect a recession to occur during the first half of 2023, according to a CNBC survey.

From 1945 to 2009, the average recession lasted 11 months, according to the National Bureau of Economic Research, the official documenter of economic cycles.

Diversification is critical when preparing for a possible economic recession, said Anthony Watson, a CFP and founder and president of Thrive Retirement Specialists in Dearborn, Michigan.

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Category: Economy

Topics: Investment strategy Portfolio management Recessions and depressions Cnbc Savings Stock markets Dow Jones Industrial Average Baby Boomers Bonds Wealth Investing Asset management Retirement Financial planners Recession Personal saving The Fed Financial Advisors Personal Finance Economic events Retirement planning Source:tagname:CNBC US Source Articles U.S. 10 Year Treasury Financial planning Personal finance NASDAQ Composite Inflation Personal investing

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-02, 13:00:01

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 6 minutes read

Article Length: 949 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 26634

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About CNBC

Main Topics: Economy

Official Website: cnbc.com

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Year Established: 2005

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News Last Updated: 8h ago

Coverage Areas: United States

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