At this point, it’s pretty unclear when and how this market is going to right itself. After a few of the roughest weeks, Wall Street has endured in the last decade, many of even the most optimistic economists are wringing their hands at the reality of a recession.

And while the Fed only announced a half-point hike in interest rates and Biden boasted 428,000 new jobs last month, many believe this bear market has yet to hit bottom. This summer, as the central banks raise rates and the great selloff ensues, many wonder what the worst will look like.

Renowned economist and Rosa & Roubini CEO Brunello Rosa believes factors such as the war in Ukraine and rising inflation have set us up for a complicated Q2. Just this weekend, he voiced strong concerns over the entire scheme of our economic infrastructure.

On Friday, he told Street Signs Europe:

Now it’s time for a reappreciation of the economic fundamentals around the world in terms of growth.

It’s hard for markets to be totally optimistic when inflation is going up, growth is going down and interest rates are rising fast across the globe.

It’s clear that all of them [central banks] are talking tough at this stage. But the reality is that lots of tightening will eventually lead to economic contraction.

So, what do we make of all this? I mean, it’s pretty clear we may be in for a rocky few months, but is there any way to keep the bear at bay?

The short answer is yes.

No matter what economic environment you’re in, there are a few fundamentals that can help you keep your composure even if everyone else is on the verge of collapse. Here, I’ll let you in on a few secrets of surviving in uncertain times.

Seek Insights

The fact that you’re reading this article right now is a great indication you’re doing something right. Being proactive and seeking other perspectives when things get crazy is one of the best ways to cope.

Play the Long Game

The other best thing you can do is think long-term. No matter what the skeptics say, it’s often best practice to let things play out rather than pulling your investments when the market dips. Invest in strong assets with provable value and watertight fundamentals. Get to know your portfolio and the companies you’re choosing to invest in. This way, you have the confidence to cool off, kick back, and wait for the market to correct itself.

Mix It Up

Lastly, diversify your assets. I cannot stress this one enough. It’s important to diversify your portfolio for a couple of reasons. Mainly, so that you don’t lose your shirt in one industry like tech or energy, which can be extremely susceptible to the whims of Wall Street. Pack your portfolio with some steady gainers like gold, commodities, and yes, REITs.

REITs are a proven way to arm yourself against an ornery economy. They provide passive income in the form of dividends, plus competitive market performance, transparency, and inflation protection.

With these easy pieces of economic advice, you should be ready to battle even the most bearish of markets.

More Non-REIT News to Know About

Gucci Gets on Crypto

Gucci, one of the world’s most iconic Italian luxury brands, recently announced it’ll be accepting Bitcoin, Ethereum, even Dogecoin and Shiba Inu.

This service is set to roll out later this month at a few of its flagship outlets, including Rodeo Drive in L.A. and New York’s Wooster Street.

But the announcement did little to lift the currencies: Bitcoin is down nearly 20% this month, Ethereum about the same, and Dogecoin is down about 10%.

The World According to REITs

A New REIT in the Making?

Shaftesbury Plc (SHB), a London-based REIT, and Capital & Counties Properties Plc (CCPPF), a U.K.-based development company, are in advanced discussions to create a whole new REIT with assets in some of London’s hottest locales, including the world-famous Covent Garden and Chinatown.

The collaboration would hold potential letting space of about 2.9 million square feet in the capital’s West End, plus nearly 1.8 million square feet of retail and hospitality space. Office and residential space would total about 1.1 million square feet, according to a statement.

The potential pact comes as London once again shows signs of vitality, with visitors flocking to the capital, consumers shopping, and restaurants returning to normal. According to Bloomberg’s Pret Index, transactions were 88% of pre-pandemic levels last week.

Neither of these companies has been immune to our global economic downturn, with Shaftesbury falling 10% and Capco dropping 11%.

Hopefully, our post-COVID economy will position this partnership for success in the future. We will keep an eye out!