Recession and investing

As we are possibly heading towards a recession, is it worth saving money as we could be possibly out of jobs and would need money to live life or we should still keep investing as we were before? My thoughts are to stop at the moment as market would crash even more if recession does occur which looks very likely at the moment and if we are highly invested we wont have liquid cash to live life. Please note, having 6 months worth of expenses saved as savings as a minimum is a good thing, but recessions are usually and will likely be much longer than the 6 months. So what are the steps we should be taking movies forward?

Nelsi Devendrakumar Patel

Asked on 30 July 2022

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