As the Economy Slows, Which Investment Strategy Is Right for You?
By Paul Sullivan
If someone is expecting a recession, putting money in a liquid investment is a better option, said Dan Egan, head of behavioral science at Betterment, a robo-adviser.
“Think about Warren Buffett fishing on a lake when Goldman Sachs needed money,” Mr. Egan said, referring to Mr. Buffett’s $5 billion investment in Goldman during the financial crisis. “You can say when times were good, ‘I wasn’t interested but now at this discounted price I am very interested.’”Read the Original Article
This article originally published November 1st, 2019 on The New York Times