10 Ways to Protect Your Savings From a Market Crash

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If you’ve got money in the stock market and haven’t checked your statements lately, you’re in for a pleasant surprise.

In mid-March of 2020, the Dow Jones Industrial Average closed below 20,000. As I write this, a bit more than a year later, it’s more than 34,000. That’s a gain of 70%. The tech-heavy Nasdaq index has done even better: It’s nearly doubled.

But as they say, what goes up must come down. Maybe not today, maybe not tomorrow, but trees don’t grow to the sky.

So, what’s an investor to do? If you sell, you could be leaving money on the table. But if you don’t sell, all those profits may one day seem like a pleasant dream.

While there’s no perfect solution, there are some techniques to protect your profits, or at least prepare for the inevitable. That’s what this week’s “Money!” podcast is about. We’re going to talk about some things you can do to keep from surrendering all those tasty gains.

As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.

Sit back, relax and listen to this week’s “Money!” podcast:

Not familiar with podcasts?

A podcast is basically a radio show you can listen to anytime, either by downloading it to your smartphone or other device, or by listening online.

They’re totally free. They can be any length (ours are typically about a half-hour), feature any number of people and cover any topic you can possibly think of. You can listen at home, in the car, while jogging or, if you’re like me, when riding your bicycle.

You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.

If you haven’t listened to a podcast yet, give it a try, then subscribe to ours. You’ll be glad you did!

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About me

I founded Money Talks News in 1991. I’m a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

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