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How to Keep Your Portfolio Recession-Proof

The sign of a smart investor, the saying goes, is one that can stay afloat or even profit during a lean economy. The trick is to recognize the changing landscape and adapt to its conditions. If you can determine where growth will occur even during a recession, you can ensure that your portfolio will not struggle during the slower economic times.

Diversification is an obvious choice during a recession. However, you need to not only diversify, but also look at asset allocation within a variety of situations.

For example, look at the stock market. Stocks make up such an integral part of a standard portfolio, it is impossible to ignore this asset in a troubled economy. However, it pays to play smart during a recession. Look for companies that have lived through the choppy waters before and survived. Which companies have a strong track record for continuing to excel despite recession troubles? These opportunities will give you measured security when you need it.

Typically, credit becomes more difficult to attain in a recession. For this reason, you will see higher interest rates on bonds. Stick with well-known bond companies and think short-term to see better gains in the bond market. You want to look for a company that can withstand paying the higher rates and still position themselves for a strong future growth in the marketplace. These companies will demonstrate a better investment during leaner times.

What should a recession-proof portfolio look like? You want to have stocks of companies that are typically big-name, established organizations who will withstand the troubles. Also, look for the short-term bonds from high-quality debt to give you a better return. However, you must also consider assets unrelated to standard financial choices. What other areas can you consider putting your money that is outside the traditional realm in order to maximize your investment? These areas require a higher amount of research and can be unique to the recession. The real estate market, often cited as a superior conservative investment diversification, has proven to be as volatile as other markets. Keep your eyes open for investments that will place your money in other areas to yield growth.

Finally, be sure to follow one of the biggest rules in investing: think with your brain not with your emotions. Don’t fall victim to the psychology of the day. Chicken Little never helped to create a strong financial portfolio and be remaining calm and researching opportunities, you will see the bright spots being ignored by majority of investors for a smarter return over time.


Bankers Reap the Benefits with MyWorthNow

Bankers banking

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A banker’s hours are devoted to complying with banking regulations and the ever-changing lending requirements created by this economy. By equally focusing on the convenience of the bank and the consumer, MyWorthNow has become the trusted tool of banking institutions for generating comprehensive personal financial statements.

MyWorthNow makes adhering to the rules and restrictions easier. Previously, the process of creating personal financial statements was a drain on resources, but the MyWorthNow application has streamlined and simplified the entire process.

MyWorthNow technology provides the ideal solution for bankers because it increases efficiency and reduces personnel costs and time. In just minutes, bankers are able to process as many financial statements as they require.

This innovative tool creates time on banker’s hours so they can make a statement.


MyWorthNow Time Saving Feature: Delegates

One of the unrivaled features of the MyWorthNow application is the ability to share your account access and information with someone known as a “delegate.”

CPA Handshake

Our innovative delegate feature enables a third-party to assist you during your personal financial statement process. For example, you can assign your delegate to be your personal banker or your CPA. Your delegate will have their own unique login and password that grants them restricted access to your account. You decide how much control they have over your MyWorthNow account with customized settings. With your permission, a delegate can access your financial data to update and create personal financial statements on your behalf.We hope you enjoy the extra time you now have because you assigned a delegate. The MyWorthNow delegate feature is just one of the many innovative features we’ve developed to make your life easier.