What NOT to Do Before the Next Market Crash
- Believing you can predict an unknowable future by trying to time the market or pick stocks
- Skewing your investments in preparation for something that may not happen for a very long time, if ever
- Positioning yourself to benefit from consequences that may not happen, no matter how plausible they sound
What to Do Before the Next Market Crash
- Are my investments consistent with my goals?
- Can my lifestyle comfortably withstand a crash so I’m not forced to sell at market lows?
- Are my rules written down somewhere?
- How will I have the patience to get through it?
- Have I had all my crash-related questions answered before one happens?
- Do I have comprehensive reporting of all assets and accounts, regardless of investment location?
- Are my assets held at an independent custodian?
Submitted October 10, 2017 at 01:12PM by trooper5010 http://ift.tt/2gaXmtj
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