I know everyone talks about just holding on to your stocks and if you have capital buying more however there was a post yesterday which outlined the things that happens during recessions nicely. I started investing in 2015 and in that time the biggest downturn I faced was August 2015 - October 2015, I didn't sell any of my stocks even though there were a lot of people panicking. I was thinking about it yesterday and if I were to loose my Job and my portfolio were to go down 20- 40% I would probably freak out. My question if for new and experienced investors, what steps are you taking in order to minimize your risk in case of a downturn? Experienced investors who went through the 2008 market crash how did you deal with it and what advise would you have for us new investors?
My plan is to not sell any of my stocks when the correction/crash comes. I am however increasing my cash percentage by only investing certain amount every month and the rest in a online savings account. If I were to lose my job during that time, my plan is to go back to school and pursue my MBA full time.
Submitted June 14, 2017 at 03:06PM by aks_214 http://ift.tt/2spPkkg
