Although no one can predict the future with certainty, there are steps you can take to protect yourself. First, diversify your investments. Diversification involves spreading your money across various asset classes and regions to reduce risk—if one market performs poorly, others might balance out your losses. Second, maintain a portion of your portfolio in liquid assets, which can quickly be converted to cash without losing value. Having liquidity can provide flexibility in emergencies or allow you to seize opportunities during market downturns.
The Bottom Line
As Grantham once said, “Investing is not about precision, but probabilities.” While no one can foresee exactly how the economy will unfold, Grantham believes we’re headed for significant financial turmoil. Just as past bubbles, like the dot-com crash of the 1990s, have burst, many now predict the same for the current AI bubble. But by diversifying your portfolio and keeping liquid assets on hand, you can better navigate these uncertain times. Staying informed and preparing for not just a recession, but potentially something much worse, is crucial for long-term financial stability.
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