If you’re like other investors, you’re probably freaking out right now. Every day, you see your mutual fund portfolios go down even further. Each day, you see some of your stock picks experience a wipe out. It’s pretty tough in the market right now, but you were warned by many contrarian financial experts.
DailyFinance is out with a new report on steps you can take before the financial crash and how you can weather the economic storm.
Here are the tips:
- Still maintain personal financial discipline.
- Stay the course as an investor; don’t panic.
- Don’t try to beat the markets by buying “cheap” stocks.
- Maintain a presence in the bond market according to your age.
- Be happy; don’t become depressed over your portfolio performance.
These aren’t the greatest tips to take, but it should be interesting to peruse the financial advice over the course of 2016.
Like this article? Get ECN delivered to your inbox daily. Subscribe here.
Leave a Comment