Ep 46: Survival Guide - Preparing for the Next Market Crash
About this episode
What will happen to your portfolio when the market crashes next? Will you be ready or will your plans be wrecked? Let’s run through a list of the lessons we’ve learned that can be applied to the next bit downturn.
Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-46-survival-guide-preparing-for-the-next-market-crash/
Watch the video podcast here: https://youtu.be/1nsZp3hbkQM
Today's show schedule:
0:14 - Phil shares about his summer so far.
1:34 - What are five different rules to survive a market crash?
2:10 - Understand how much risk you’re exposed to.
7:23 - Protect the gains as you go.
9:01 - Be sure you are diversified appropriately.
12:20 - Don’t try to time the market.
15:31 - Have a well-conceived plan in place.
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