There are several risks associated with investing during a recession. The most significant risk of investing in a recession is job loss. Ideally, your emergency fund should be ready to weather any long-term unemployment. However, if your financial goals are not aligned, you might invest the money and then be unable to have the cash to pay the bills when unemployed. One of the key risks is that businesses may struggle to survive, resulting in their stock prices plummeting. It could lead to significant losses for investors. Another risk is that the economy may not rebound as quickly as anticipated, which could mean it takes longer for investments to generate returns. Additionally, interest rates tend to rise if inflation is an issue, which can eat into the returns on investment products such as bonds. Finally, there is always the risk that the recession may deepen, which could have even more devastating consequences for investors. Overall, while there can be some opportunities during a recession, it is essential to be aware of the risks before making any decisions.