This month marks the closest to a recession we’ve been since the Great Recession over a decade ago… And the Fed has already jumped into action.
This past Wednesday, it raised its benchmark interest rate by 75 basis points – the largest hike since 1994 – and there’s a similar rate hike on the table for July.
But while it’s too early to tell if these moves will be enough to stem runaway inflation… taking a “wait and see” approach with your investments is a big mistake.
Because as Daily editor Teeka Tiwari showed us this week, we’ve been in similar (if not worse) circumstances before… and those are the moments that turn bargains into windfalls when the market recovers.
So read on to learn what you should and shouldn’t do with your money right now… and why today’s beaten-down market is a blessing in disguise.
Editorial Director, Palm Beach Daily