Ep 46: Survival Guide - Preparing for the Next Market Crash

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.