What should you do in the event of a stock market crash? Top tips for getting through a fall – and shoring up your investments against one
When stock markets see a dramatic fall and your investments start to build losses, it can often feel like you should do something quickly to mitigate your losses.
But what? Or should you in fact do nothing?
On this episode of the Big Money Questions, cofounder and chief investment officer of Wealthify Michelle Pearce has the answers.
She talks through what you should do – and what you shouldn’t. She likens it to turbulence on a plane – not comfortable, but just part and parcel of flying.
She also explains what you can do ahead of a stock market crash, so you’re not so badly hurt.
Michelle also shares her tip for nervous or first-time investors or those who are worried that there may be turbulence ahead.
Action plan: We talk through what you should do in the event of a market downturn – and what you can do ahead of time to minimise your losses