Personal Finance
5 Things You Can Do To Prepare For The Next Market Crash or Correction
By Seedly  •  February 26, 2021
2020 has been a crazy ride for investors. Back in the first quarter of 2020, the Singapore stock market benchmark Straits Times Index (STI) fell 784.04 points or 25.1% from 26 Feb 2020 to 23 Mar 2020.
Source: SGX Similarly, the U.S. stock market benchmark S&P 500 index fell 28.2% during the same time period. However, this bear market (stock market falls 20% or more from its most recent high) for the S&P 500 lasted only 23 trading days. Subsequently, the S&P 500 index went into bull market territory (widely viewed as a 20% rise in a market over time from its bottom) and started hitting all-time highs in 2021. So here’s the million-dollar question. Can this bull market last or should we as investors expect another bear market or market correction (stock index fall more than 10%)? The past would suggest that the latter is...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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