This is very bad and generic advice and it smells of just another a wealth manager advertisement. Junk. If you have a mortgage and it is below property price r

This is very bad and generic advice and it smells of just another a wealth manager advertisement. Junk. If you have a mortgage and it is below property price rates (most likely), keep it or refinance for lower rates if you can. If you buy with mortgage, don't get over leveraged. Even if the property doesn't lose value, if you fail to pay your mortgage the bank will fire-sell it for lower to recoup their money leaving you in the red. And beware of bills piling up with inflation! Buy the smallest possible you can afford in a recession. Now for savings. You can't compete with Goldman Sachs, JP Morgan, the bots, professionals. But you can take the other side of the bet of very short-sighted investors. Just do plain old and boring Sector Rotation. Pick large and liquid ETFs and REITs. Pick them very diverse. https://www.investopedia.com/search?q=sector+rotation https://www.investopedia.com/search?q=sector+rotation https://www.investopedia.com/search?q=etfs+for+sector+rotation https://www.investopedia.com/search?q=etfs+for+sector+rotati... https://www.investopedia.com/search?q=recession+proof+investing https://www.investopedia.com/search?q=recession+proof+invest... Also mind there is likely a scenario of new and higher taxes, price controls, and a lot of other fun things to cover the upcoming Unfunded Liabilities Crisis, the Pension Crisis, public and private debt, etc. If you are above 500k, I'd start looking for a second passport and offshore accounts. Have plan B and C.