How to Prepare for a Second Stock Market Crash in 2020
When U.S. cases of COVID-19 started multiplying back in March, the economy pretty much imploded overnight, and by late March, stocks plunged into bear market territory for the first time in over a decade. Since then, things have picked up in the stock market, and despite a recent patch of volatility, stocks have largely recovered their value. But the worst may not be over.
Over the past few weeks, reports of COVID-19 surges have rocked the market once again. Throw in the fact that the jobless rate is still high and there's no official word on a second stimulus package, and it's easy to see why investor confidence could seriously waver in the coming weeks or months. In fact, it's fair to say that we may see another stock market crash that mimics the dramatic dip we saw in March. And given that possibility, it's crucial that we all take steps to prepare for it. Here are three ways to do it:
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Source Fool.com
