O26
Oct 10, 3:26 PM
$BE It’s Saturday, but let’s talk about the one thing the media never gets tired of: THE CRASH IS COMING!
Open any media outlet and you’ll find random people and “experts” predicting the end of the world. Blah, blah, blah.
Will the market crash someday? Of course. Even a strong economy can’t prevent crashes. Nobody knows when they’ll happen. Even Berkshire Hathaway has suffered 50%+ drawdowns multiple times throughout its history.
So instead of predicting the crash, prepare for it. Here’s my personal playbook:
1. Have a job and keep your income flowing.
2.Keep at least 6 months of living expenses in cash.
3.Keep extra cash ready to buy great companies at bargain prices.
4.Don’t panic-sell quality assets just because the market is crashing.
5.NEVER use leverage.
That’s it. No crystal ball, no endless predictions, no panic.
The crash everyone fears could become the opportunity that changes your financial future. The key is being prepared when it comes.
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