YOGYAKARTA - The threat of an economic recession in 2023 has made many people further prepare their financial condition. Many people have started to secure their finances from now on in order to get through a wave of recession. One way is through investment or investment in certain instruments.

There are various investment tips in the recession that you can learn from. You need to strain it because not all types of investment in prospects or benefits during a pandemic. There are some investment instruments that are not safe during a recession, so you should avoid them.

Several safe investment instruments and prospects in the recession are now being targeted by many people. Because it is high risk, high return, or high profit and a big risk too, you need to be careful and careful in choosing investments.

In the world of investment, recession is like two sides of a coin. On the one hand, recession can shed your investment assets. But on the other hand, recession is the right moment or opportunity to invest. So as not to fall into a hole or invest wrongly, here are tips on investment in a recession that you need to understand.

Taking advantage of the Momentum when the price falls

One of the basic formulas in investment is, buy when the price drops. The recession will make a prolonged and significant decrease in economic activity. You should take advantage of the momentum when the price of the investment instrument is falling.

For example, when the stock price plummets due to a recession. This moment can be likened to a discount for investors because they can buy shares at low prices. Later the shares will be sold when the economic condition has recovered and the price will soar again.

The second tip for investing in a recession is to be careful in choosing stocks. Make sure you choose the right stock to generate high profits. When the recession almost all of the company's shares experienced a decline in prices, and will increase again when the recession ends.

But the problem is that not all companies have bright business prospects and healthy financial conditions. There could be companies that are indeed destroyed during a recession. There are also companies that have long recovered or have a slow rise. Therefore, you must be careful and observant to see which stocks will increase in price quickly after the recession.

If you invest in a recession, it's better if you invest in the long term. Don't invest in being a trader, who sells for investment instruments in no time.

A recession is an opportunity for short-term investment. Investment as a trader will only be in vain because stock movements in a recession will not be positive in a few days or weeks. Even the curve will continue to decline because the company's economic condition has not recovered or will recover in a long time. Meanwhile, if you invest in the long term, you will definitely run a profit when the economy improves again.

In preparing to invest in a recession, you must also pay attention to your credit card. The credit debt that you still have will interfere with your plan to invest. In times of recession, interest rates will increase drastically so that your credit burden gets heavier.

So you need to pay off your credit card debts. That way you can be separated from interest rate snares that can spike due to recession. In addition, you can also invest safely without having to be disturbed by credit card needs.

It is common knowledge that people in the present era now have several jobs, from their main jobs to side jobs. The digital era has brought developments in the world of work, new professions have emerged, remote work systems, to the large number of freelance and freelancer projects according to their fields.

So you need to find a side job to earn additional income. That way, your investment funds and capital will increase. To find a side job, you work as a freelancer for digital fields, such as graphic design, copywriting, content, digital marketing, and so on. Choose a job whose system is remote so as not to interfere with your main job.

Those are some tips for investing in a recession that potential investors need to understand. If you are careful and understand the strategy, you can make the right investment in a recession. Like Warren Buffet's expression, you can buy a future".

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