TommyBryson's video: the stock market crash and how to prepare

Every market has highs and lows, and in the stock market, we call good market bull markets and bad market bear markets. 💲1 on 1 Talk + My Budget + Stock Investments💲 https://www.patreon.com/tommybryson 💰MY M1 FINANCE PORTFOLIO💰 PLUS $10 Link: https://m1.finance/fQsrul1PZcHM 1. Will the Market Crash soon 2021-2023 - These questions from, the business has slowed down - Government is printing a lot of money ( so inflation might be an issue ) - Unemployment means fewer people spending money Now Honestly: - These are all good reason for concern, however, as an investor, one thing I know is that you can't predict the market, you can only be prepared - And use history to guide you when it comes to what do I do during these times - And I’ll tell you exactly what I'm doing, of course, I’ve copied these techniques from great investors 2. Strategy First, if you are passive investors and invest in index funds: - What you want you to want to do, is never stop buying ( using dollar cost average ) - If you pick a good few index funds, invest the same amount of money every month, and you’ll buy at the average price - And when the market drops, you keep investing the same amount and over the long term this will average out. But: if you want to also, when the market crash has some cash on hand, and use that cash to buy more than you usually do, this way you buy at a massive discount. Stock Picker/ Value investor - If you buy a company and you paid to much for it, its intrinsic value is $100 per share but you paid 200 or 300, then you’re going to have a problem because you have no margin of safety - If you bought a stock without knowing its intrinsic value, you speculated, you didn’t invest ( that means you risk all your money with any real factual information ) - So when the stock market crash, you need to have cash on hand, to buy good companies for a great discount ( and before the market crash, you need to be looking at these companies, so when it does happen you are prepared ) But: we don’t know when the market is going to crash, so I would recommend invest for retirement also, using the dollar cost average method. ( you don’t want to stock pill cash for something that might take 6-10 years to happen: buy index funds while you wait ) 3. Concerns About Cash, and Other questions Question One Cash is bad with inflation: - The only time we’ve seen crazy double-digit inflation numbers where during wars usually. ( and yes investing is great to defend again inflation but losing 90% of your money on a bad investment is worst ) – protect your capital and only invest when the odds are in your favor ( till then I hold some cash and keep investing in index funds ) Second Questions: Everyone is making money - This is called FOMO, investing is a young man game, who understands that one day he will be an old man - You don’t want to risk all your money into things you don’t understand to make a quick dollar and then lose all your money - You know those people that retire and then have to go back to work ( and it's not optional ) Third Questions: how much to invest and what to invest into - If you have no kids 20% of your every paycheck - If you have a kid 25% with 5% of that going towards a 529 account - Also max out Roth ira first, then employer match second and then taxable account 3rd - And here is a video on my portfolio: https://www.youtube.com/watch?v=VtNtk6OQTVA - How to profit from the stock market going down - Save some cash - Keep investing and don’t stock - We can't predict the market * PRO TIP* INFORMATION IS EVERYTHING 👕Merch👕 https://teespring.com/stores/tommybryson ✅2 FREE AUDIOBOOKS✅ https://amzn.to/2Enayo8¬¬¬ 💰M1 FINANCE $10💰 Link: https://m1.finance/fQsrul1PZcHM 🎁ACORN FREE $5🎁 Link: https://acorns.com/invite/38EYSU ⚡FREE KINDLE UNLIMITED⚡ (traditional reading) Link: https://amzn.to/2VGbxt9 👨🏽‍💻DISCORD PRIVATE GROUP👨🏽‍💻 https://discord.gg/EcZEHpA My Camera Gear: https://www.amazon.com/shop/tommybryson ✔ Help Us Reach 500,000 Subscribers: https://goo.gl/0wvm6w 😎All My Social Media😎 Link: https://linktr.ee/tommybryson *Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.