If a Bear Market Is Coming, Here's What All of the Smartest Investors Are Doing Right Now
There is a bear market waiting to pounce at some point in the future, so you'll want to act now to make sure you avoid panicking.
Overview
With great certainty, I can say there will be a bear market. What I can't tell you is when, though I expect one sooner than later. Right now, with the market trading near all-time highs, investors appear to be shrugging off a lot of bad news. Even JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon has been offering warnings about the increasing risk of a downturn, so I'm not going out on a limb here. But if there is a bear market ahead, now or in a more distant future, the smartest investors prepare before the inevitable downturn.
I've lived through numerous bear markets, including the very deep dot-com crash and the Great Recession, when there were legitimate concerns about the stability of the global financial system. When stock prices fall day after day, week after week, month after month, and year after year, it is hard not to panic. You are watching your wealth slip away little by little and, at some point, you feel like you need to stop the bleeding before you lose it all.
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Originally published at www.fool.com.