Money Mistakes to Avoid During an Economic Downturn
If, like most humans, you're both curious and innovative, you may be tempted to "fix" the problem when there's an economic downturn and your finances are suffering. While you can take certain steps to improve the situation, some moves can make things worse. Whether the U.S. finds itself in a recession, a bear market, or simply fighting inflation, here are the actions you'll want to avoid.
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While it's true that your portfolio sometimes needs rebalancing, it's rarely a good idea to pursue it without careful consideration. Economic downturns are part of the economic cycle; they come and go. If you initially invested with the intention of playing the long game, stick with the long game with the majority of your holdings.
Source Fool.com
