2023 has been an epic bull market. And with the Fed projecting multiple rate cuts next year, it seems like the worst of inflation and rising interest rates are behind us. 

However, equity valuations have gotten higher. And as much as folks like to predict what will happen next year, the truth is that no one really knows, just as no one knows when the next bear market will occur.

When that bear market inevitably arrives, however, it's important to understand why bear markets can actually help you in the long run and how to prepare for one that could come as soon as 2024.

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Source Fool.com