A coronavirus recession is coming: 2 classic strategies will help

Global markets are crashing, the price of oil is plummetingand even entire countries are in lockdown. The odds of a recessiondue to the new coronavirusoutbreak are rising every day.A question I’m often asked as a finance professorand a CFA charter holderis what should people do with their money when the economy is slowing or in a recession, which typically causes riskier assets like stocks to decline. Fear causes many people to run for the hills.But the short answer, for most investors, is the exact opposite: Stick to your long-term planand ignore day-to-day market fluctuations, however fright…

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