4 Steps to Take if You're Near Retirement and Facing a Bear Market
Retirement planning during a bear market can be manageable by revisiting your portfolio, keeping a cash reserve, ensuring guaranteed income, and being flexible in your approach.
Topics
Posted 8/27/2023, 5:00:39 PM
fool.com
Relevant topic timeline:
A diversified portfolio is essential for weathering bear markets, as history has shown that they always come to an end and patient investors are rewarded.
The recent market pullback has investors questioning if it's the start of a bear market or just a correction, but it's important to recognize that markets are inherently uncertain, and focusing on long-term goals and factors we can control is key to success in investing.
To prepare for a bear market, consider investing in Berkshire Hathaway and other defensive stocks such as Albertsons, Target, Archer-Daniels-Midland, Campbell Soup, and General Mills that offer reasonable valuations and income-generating opportunities.