How To Prepare Yourself for an Investment Market Crash

http://ift.tt/2tCMfLt

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