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:

• Listen on Apple Podcasts
• Listen on Google Podcasts
• Listen on Spotify

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Show notes

Want more information? Check out these resources:

• “8 Ways to Protect Your Retirement Savings“
• “15 of the Best Money Moves You Can Make in 2021“
• Motley Fool: “4 Strategies to Prevent a Stock Market Crash from Ruining Your Retirement“
• U.S. News & World Report: “Protect Your Portfolio from a Market Crash“
• Investopedia: “6 Ways to Prepare for a Market Crash“
• U.S. News & World Report: “7 Ways to Hedge Your Portfolio Against Volatility“
• Newsweek: “10 Ways to Protect Your Portfolio From the Volatile Stock Market“
• Nerdwallet: “What to Do When the Stock Market Crashes“
• Bloomberg: “How Stock Traders Are Racing to Protect Gains Against Market Threats“
• Money Talks News’ savings account search tool
• Subscribe to the Money Talks News newsletter
• Take our course The Only Retirement Guide You’ll Ever Need
• Take our course Money Made Simple
• Miranda Marquit’s website

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.