Today I want to talk about something that's on a lot of people's minds at the moment – a concern I've heard from a lot of readers lately…
That is the prospect of a market crash in the weeks ahead.
Now, a crash is possible. The reasons why range from COVID-19 (the novel coronavirus) to the upcoming presidential election to another terrorist attack.
However, it's important to remember that nobody knows for certain what's going to happen. So do not let these – or any – uncertainties throw you off your long-term investing plan or cloud your thinking. Remember that making investing decisions based on emotion can lead to big losses.
What's best to ask is whether a market crash is probable. This allows you to prepare ahead of time for the unknown, which makes all the difference.
Take the coronavirus. Many analysts are calling it a black swan event, meaning it's unpredictable. But at this point, I think it's more like a "gray swan" – we know this thing is coming.
Well, I don't particularly like surprises. And this all leads to me to think there's another shoe out there getting ready to drop. Some folks may or may not share that opinion, but what we do share is the desire to future-proof our portfolios and our wealth.
So here are the steps to take to ensure both are protected…
About the Author
Keith is a seasoned market analyst and professional trader with more than 37 years of global experience. He is one of very few experts to correctly see both the dot.bomb crisis and the ongoing financial crisis coming ahead of time - and one of even fewer to help millions of investors around the world successfully navigate them both. Forbes hailed him as a "Market Visionary." He is a regular on FOX Business News and Yahoo! Finance, and his observations have been featured in Bloomberg, The Wall Street Journal, WIRED, and MarketWatch. Keith previously led The Money Map Report, Money Map's flagship newsletter, as Chief Investment Strategist, from 20007 to 2020. Keith holds a BS in management and finance from Skidmore College and an MS in international finance (with a focus on Japanese business science) from Chaminade University. He regularly travels the world in search of investment opportunities others don't yet see or understand.