Recessions come and go, but it is important you are prepared for a recession, and can capitalise on the opportunity when stocks are cheaper. Holding cash, having an emergency fund, and paying debt, are three ways to not only prepare yourself, but benefit from a recession.
The answer is an overwhelming yes. It’s a no brainer.
I was reading the recent addition of Hargreaves Lansdown’s ‘Investment Times’ magazine and there was an article written on whether ISAs (in general) are a thing of the past.
This shocked me because why would someone not want to use an ISA? It’s the perfect way to grow your wealth tax free.
Your house is not an asset.
So, how can you turn it into an asset? In this blog post I will explain why your house is not an asset, why that is necessarily not a bad thing, and also how you can turn your house into an asset.