[Topic] What would you do in a market crash?
Stock markets have been experiencing declines for days since late August... $S&P 500(.SPX)$ fell 2.11% on 30 Sept, making a newer low again.
There's a possibility of a rebound in short term, but the market is also likely to continue crashing and hit us hard...
So when facing a stock market crash, what will you do?
Stay in the stock market, waiting for an opportunity to turn around, or leave for a while? Will you hedge your portfolio?
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1) ensure there is stable income for yourself, that will help lay the base for a resilient mind when the crash hits
2) work out your budget, know how much you can afford to put in the market and ride out the crash
3) identify the stocks that is undervalued, buy when it's down by 20% and sell when it's up by 20 to 25%, repeat this a few times and you will grow your portfolio steadily