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I have some very conservative investments, mostly mutual funds. What will happen to them in a deep recession?

I have some mutual funds which are made up of very conservative investments – nothing too risky. Over the past few decades this fund has done nothing but grow slowly. Sometimes it goes down a bit, sometimes it spikes a bit, but overall it shows a pattern of growth, which is great.

What will happen to these investments if we go into a bad recession?

Will they decrease in value a lot?

Should I try and head this off by changing my portfolio? Or just ride it out?

Thanks!


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