Jun 24, 2024
Are You Concerned About the Market Dropping?
Summary Never worry about losing money when the market goes down again. With The GOALL Agency, we’re here to protect…
How can you protect yourself from the next stock market crash? Let’s discuss the ways you can protect your retirement and assets from a stock market crash.
Why do you want to protect yourself from the stock market? Well, if you go back to the year 2000, the stock market has lost seven times. Out of them seven times, five times double digits. 2008, about 38%.
So here’s a great example. If you lose money in the stock market, I’ll just keep this math simple. If the stock market drops 50%, and you have $100, you got $50.
But here’s the thing, if the stock market goes back up 50%, you’re only at $75. It has to go up 100% to get back to your break even.