Avoid 5 Mistakes People make in stock market crash
number one mistake people make during a recession is continuing to spend normally
You need to start stockpiling now
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recession increase uncertainty market, having emergency fund to cover costs if you laid off or ur hours are reduced is essential for your financial survival
You need an emergency savings fund
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Credit card debt is probably your highest interest rate debt. And if a recession hits, credit card debt should be the first to
Pay off your credit card no excuses
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Sometimes people reluctant withdraw some of money from stocks that losing value, perhaps because they want to avoid capital gains taxes
choose between selling all or none of the shares of a stock we own
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retirees also need to be careful during a market downturn because they could need that money for the next five years
You can’t have money in market that you will need within five year
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