Saving and Investing During the Recession

[Nomad]

A lot of economists are warning that recession is coming, the main reason that they give is the looming war. A lot of countries are at war, including oil producing country like Iran. It is very likely that oil price will go up and when oil price goes, up prices of every thing will go up. When there is recession can you save and invest? While a lot of people tell that you need to save and invest during recession because the prices of financial tools are low, it might not be possible. If you can save and invest during a downturn, you will be ahead of most. But for the average individual, that is not possible.

 

[Suba]

When there is a recession, the prices of goods rise, but personally I do not recommend increasing savings which means the value of your money will decline or fall, it is better to allocate it to investments, be it blue chip stocks, gold, bonds and Bitcoin.