Young person new to finance here. How do you prepare your finances and your life for a recession/market crash? What are the safe and unsafe investments? Not asking for specific reasons, just for knowledge. Thanks.

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Don’t try to predict a crash or recession, trying to time the market will backfire for most.
Hone your marketable skills so you don’t lose your job (or can find a new one).
Save up an emergency fund of few months expenses.
Invest in quality mutual funds or Index funds.
Pay off all debts outside of a mortgage.

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Cash. Buy the dip.

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Safest that keeps pace with inflation is U.S. govt IBonds.

Safest with hardly-beaten growth over long timespans is full market low fee indexes like VTI

Prep is to steel yourself against withdrawing when current value plummets.

Also nice to put yourself in a career, if possible, that is insulated against recession. Software engineering and medicine for examples recently.

smart

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