From Yahoo Finance: 2025-05-11 14:01:00

Economists forecast a 60% chance of a recession this year, causing anxiety for many. Preparation is key to surviving and thriving in tough economic times. Former financial advisor Humphrey Yang shares strategies to profit during a recession, warning against costly mistakes like pulling money out during market downturns.

Missing just a few of the best days in the stock market could result in significant losses, according to Yang. Staying invested, even when the market feels shaky, is crucial for long-term gains. Market volatility is inevitable, and accepting this reality is essential for successful investing strategies.

Market corrections and downturns are normal in stock investing, and accepting volatility is crucial for success, says Yang. Timing the market is nearly impossible, so he recommends dollar-cost averaging as a more reliable strategy for making money in the stock market.

Read more: 3 Ways To Profit in a Recession, According to Humphrey Yang