Business
What will happen to your portfolio when the market crashes next? Will you be ready or will your plans be wrecked? Let’s run through a list of the lessons we’ve learned that can be applied to the next bit downturn. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-46-survival-guide-preparing-for-the-next-market-crash/ Watch the video podcast here: https://youtu.be/1nsZp3hbkQM Today's show schedule: 0:14 - Phil shares about his summer so far. 1:34 - What are five different rules to survive a market crash? 2:10 - Understand how much risk you’re exposed to. 7:23 - Protect the gains as you go. 9:01 - Be sure you are diversified appropriately. 12:20 - Don’t try to time the market. 15:31 - Have a well-conceived plan in place.