Money Life With Chuck Jaffe Daily Podcast

Morningstar's Benz: Recession-proofing a portfolio requires sticking to a plan

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Synopsis

Christine Benz, director of personal finance and retirement planning for Morningstar Inc., says that recession-proofing your portfolio and making it inflation-resistant requires different actions, but the biggest similarity to both processes is that investors need a plan that they can ride out until conditions improve. She notes that flip-flopping on strategy -- more than following flawed strategies -- leads investors astray. Also on the show,  Greg McBride, chief financial analyst at BankRate.com, talks about how the mortgage market and banking industry are responding to rising interest rates, noting that mortgage refinancing applications have hit their lowest level in more than two decades, and that savings yields have improved in the financial sector's response to the rising-rate, high-inflation environment. And in the Market Call, Francisco Bido, senior portfolio manager at F/m Acceleration, talks about his firm's quant-active strategy and how he mixes the art and science to deal with a market that has li