Worried About a Stock Market Crash? 6 Ways to Be Ready
If you'd invested $10,000 on March 23, 2020, in the S&P 500 index, you'd have just over $17,000 today. That was the day stocks reached rock bottom during the apocalyptic COVID-19 market crash.
We had no way of knowing then that we had hit a bottom. And let's face it: When you see 30% of your wealth wiped out in five weeks, it's terrifying, no matter how much your rational brain tells you it's temporary.
Since 1950, the stock market has corrected, or dropped by 10% or more, about once every 1.84 years. So it's not a matter of if the stock market crashes again, it's only a question of when. Taking these six steps now will help you weather the next inevitable storm.
Source Fool.com
