Stay calm and avoid making impulsive decisions. Panicking and selling your investments can result in significant losses that may be difficult to recover from.
Review your portfolio and assess your risk tolerance. Ensure that your portfolio is well-diversified and that you're comfortable with the level of risk you're taking.
Rebalance your portfolio to reduce risk. If you're heavily invested in equities, consider selling some of those holdings and investing in more conservative assets, such as bonds.
Rebalance your portfolio to reduce risk. If you're heavily invested in equities, consider selling some of those holdings and investing in more conservative assets, such as bonds.
Consider the long-term outlook. Historically, markets have rebounded from crashes and downturns, so it's essential to maintain a long-term view and avoid short-term thinking.
Keep investing. Regular investing, regardless of market conditions, can help you build wealth over time and average out the cost of your investments.
Focus on quality investments. During a market downturn, it's crucial to focus on high-quality companies with strong fundamentals that are likely to weather the storm.
Diversify your portfolio. Diversification is key to mitigating risk during a market crash. Consider adding assets such as bonds, real estate, or gold to your portfolio.