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Here's how to survive a market crash

Discussion in 'Accounts and Finance' started by EF-Roger, Aug 26, 2015.

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  1. EF-Roger

    EF-Roger Member

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    I would be lying if I said that I like down markets more than up markets, but I have learned to accept the fact that markets that go up will come down, and that when they do so quickly, you have the makings of a crisis.


    I find myself getting more popular during these periods, as acquaintances, friends and relatives that I have not heard from in years seem to find me. They are invariably disappointed by my inability to forecast the future and my unwillingness to tell them what to do next, and I am sure that I move several notches down the Guru scale as a consequence, a development that I welcome.

    To save myself some repetitions of this already tedious sequence, I think it is best that I pull out my crisis survival journal/manual, a work in progress that I started in the 1980s and that I revisit and rewrite each time markets go into a tailspin. It is more journal than manual, more personal than general, and more about me than it is about markets. So, read on at your own risk!



    Read more: http://www.businessinsider.com/survival-guide-for-market-crash-2015-8#ixzz3jy1eWax4
     
    Bushwacker likes this.

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