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Podcast: Money Life with Chuck Jaffe
Episode: Morningstar's Benz: Recession-proofing a portfolio requires sticking to a plan
Description: 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 mo...