Thirdly, at the brink of major recessions, the price levels of stock markets would have already declined substantially from their high and reversed into a downtrend.

If you have been keeping up with the postings of my Wealth Academy team and I, you would have realised that most major stock markets have already declined from their all-time high and have reversed into a downtrend about 6 months ago. (when you come to my free introductory workshop, I will share with you how you can determine whether the stock market is on a uptrend or downtrend.)

What You Can Do About It

While most average Singaporeans are busy worrying whether their jobs would be secured during a recession, savvy Singaporeans are already starting to pick up new skills in order to secure their current source of income and/or generate another additional source of income when a recession occurs.

So what are some of the ways that you can protect yourself financially during a recession?

For one, you can start to acquire skills that would add value to the job that you are holding right now. By doing so, you have a higher chance of being retained by your employer, should a redundancy in your company occur.

However, a better way to is to be proficient in generating an additional source of income, that is not at the mercy of your employer or the economy. One such way that I know of, and have been doing for the past 20 years, is investing in the stock market.

Indeed, as I recall, the times when I was able to generate significant amounts of income within a couple of years were those when I invested in the stock market during the financial crisis of 1997, 2001 and 2007.  

If you would like to learn how I was able to invest successfully, then do check out my upcoming 3-hour complimentary Wealth Academy workshop where I will be revealing what you need to know to invest in the stock market successfully.

See you soon and to your financial success!

Adam Khoo