Sure, every recession is unique. A snowflake. And there are plenty of differences between 2020’s COVID-induced recession and the Great Recession of 2008-2009.
But that doesn’t mean we can’t learn from past recessions, particularly one as recent as the Great Recession.
Those who ignore history are doomed to repeat it. As you navigate the troubled water’s of the coronavirus recession, keep the following lessons from the Great Recession in mind. Who knows? They may just save you a boatload of money in the form of avoided investment mistakes.
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