Stock market crashes are sudden plunges in stock prices, often driven by panic and economic woes, here are things to know.
1
Don't panic sell! Stock market crashes are historical events, and markets tend to recover over time.
2
If you're invested for the long haul, stick to your plan and avoid making rash decisions.
3
Review your asset allocation and see if it aligns with your risk tolerance, a crash can be a good time to rebalance.
4
A crash can present a buying opportunity. Invest in quality stocks at potentially lower prices.
5
Stick to credible sources for information, Don't let emotions guide your investment decisions.
6
A crash highlights the importance of a safety net, Make sure your emergency fund is healthy.
7
If the crash worries you, consider consulting a financial advisor for personalized guidance.