That the stock market is due for an overdue correction, big or small, has been discussed from a long time. Further to this, 2024 is seeing a whopping 64 countries going for elections which makes for messy times. A bearish trend in interest rates, inflation, market dynamics and stock valuations Is also expected. Gold & oil prices as well as the petrodollar uncertainty doesn't help matters.
But this uncertainty is alwaysva staple for the markets and we are never going to see a rosy market ever really.
So , the key to handle these corrections and re-adjustments is to have a formal framework viz. Being flexible to market movements is crucial followed hy risk managemet in the portfolio to balance ecposure with potential and risk reward ratio. Do profit booking regularly, be patient, don't fall in love with companies and most importantly don't overthink & over analyse.
Practice strictly stop-loss orders, invest only excess money and always have a reserve fund for say to day needs so that you don't have to either dip into holdings for disasters and you can also make full advantage of developments.
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