Hey guys,
I've been posting a lot of memes over the market correction that happened last night.
In regards to this situation, It is important to remember a few rules of Investment to ensure proper financial safety.
When investing in any situation it is important to ask yourself the following questions:
Do you have a savings to pay for at least 3 to 6 months expenses if the market overturns?
Are you invested in safe traditional methods? (Mutual funds, Low-risk bonds)
Do you have any Debts that you can reasonably pay off without your Investments?
If all your investments shot-down to Zero.. Will you still live a reasonable lifestyle?
If you answered NO to any of these questions, Its time to have a look at your portfolio.
Financial security is very important.
It is nice to be able to laugh and joke around the subject as i can still live a reasonable lifestyle due to this correction, but it would really be disheartening to hear that others are starving due to the correction.
Be SAFE guys,
It's not worth your livelyhood.
If anyone needs advice on their portoflio balancement or financial security, feel free to reach out.
Were one big community, I'm here to help.
The market won't be down forever, Keep hodling.
The tech hasn't changed, It'll bounce back.