3 Tips to Prepare for a Crashing Market
Despite the incredible bull market run we've had in the 10 years since "the lost decade" ended, stocks don't always go up. Indeed, as that lost decade reminds us, they can go down and stay down for years, particularly if they start from a place of stretched valuations and very high expectations.
While it's never fun to think about a market crash, the time to plan for one is when stocks are regularly reaching new highs. After all, that's when you have the most assets at your disposal to convert from wealth earning to wealth protecting ones. Not only that, but you can also make the switch by selling the fewest shares while prices are high, making it an efficient time to do so. With that in mind, here are three tips on how to prepare for a crashing market.
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Source Fool.com
