#FinancialPlanning #MarketCrash #InvestingStrategy
Hey there, fellow investors! ππ° Let’s talk about a hypothetical scenario: assuming history repeats itself, how would you prepare for a 2029 market crash?
Here are a few strategies to consider:
– Diversify your portfolio: Spread your investments across different asset classes to reduce risk.
– Build an emergency fund: Have cash set aside to cover expenses in case of a downturn.
– Stay informed: Keep up with market trends and adjust your strategy accordingly.
– Seek professional advice: Consider consulting a financial advisor to help navigate volatile markets.
What steps would you take to prepare for a potential market crash in 2029? Share your thoughts and let’s help each other thrive in any financial climate! π‘πͺπΌ #FinancialPreparedness #InvestingTips
Stay invested and keep investing regardless of what the market is doing in the short term. Very few people have the knowledge and insight to correctly time the market. Stay the course but make sure you have a decent emergency fund too.
I have no answers EXCEPT: keep two years of expenses liquid so you can live off that and not draw down from investments when the shit hits the fan. It always bounces back, always, but if your sequence of returns is bad, youβll really get screwed.
Edit: I had a bad typo saying βnow draw downβ instead of βnot draw down.β
The 19 year cycle says something will happen, it might be this, which would repeat history. Possible but worry never gets you anywhere. Stay positive.
I would do the same that I’m doing today. Buy and hold.
Keep saving as much as possible have liquid cash. It definitely does get tiring and is a mind game. Saving and saving and saving amd nothing to show for it atm can be a mentality exhausting. Seeing everyone in new cars blowing cash etc.
Iβd spend less and invest more
I do nothing different and look forward to a crash so I can dollar cost average more discount stock
Stay the course, invest even more, if & whenever we can, and look at account balances less. Worked the last 2 crashesβ¦no plans to change
You talking hypothetical knowing the crash? Because I would sell all investments and have cash ready to buy after it crashes. Since that’s not very possible, just keep investing each month as normal. Hope I don’t get laid off during the crash and keep investing during the crash. Good time during to tighten the belt just to invest more if you can.
Increase cash savings, get rid of all non secured debt, decrease my cost of living, become more proficient at my line of work (certifications or higher degree, no debt) and update resume.
You may also want to diversify income streams but not start a fully fledged business.
If Trump gets elected, I’m loading up on bonds
Increase cash for buying opps. Minimize debt expect mortgage. Keep investing. Stay the course.
Would the answer be different if one were planning to retire in 2030 or in 2050 ?
1) Stay employed
2) Keep investing
Sink a bit more cash in my money markets than I usually would while investing the same I do every month. If there is a big dip I have some extra cash on hand to buy the dip
im looking at buying land so i can gtfo of dodge if or when shit really hits the fan.
End of 2008, S&P was down to ~700, but doubled in a year.
So, hold the course.
Pay off debt, pay off mortgage and stockpile cash
Make sure I have the cash to ride it out (guessing two years expenses?) then invest any excess cash when the market has had a significant fall.
Stay the course. House is paid off. Bills are as low as I can get them. If work slows down (we’re in construction), we will take what’s available and keep living simply, continue to partner with our colleagues on small real estate investments and stretch any monies from that.Β
Move my investments to safer ones then wait like I did last time and make a lot of money.
Well, letβs look at the facts.
Credit Bubble β
Real Estate Bubble β
Commercial Real Estate Bubble β
Condo market collapsing before our eyes β
Covid β
This is not going to be kind or gentle.