The Stock Market has crashed - Now what?

The stock market has crashed now what? Obviously it depends, there are a lot of variables. If you are trading credit spreads then you do not worry you made money coming down and you’ll make money going back up. However what about your investments?

You may or may not know that I supplement my investments with credit spread trading. I use my monthly profits from my credit spread trading account as money to put into my investment account. Luckily I have been mostly in cash this past crash so I am not affected however what should I do now? Well I am still young and have over 20 years (traditionally) before I retire - so I should put my money back in! Right now is the time, when prices are low, I can gain 5 years, because they have not been this low in the past five years. Now is the time to buy.

And don’t take my word for it - here is another opinion that makes complete sense -

Stock Market: The Sky Is Falling And I Want My Mommy!

Here is an excerpt on what you should do -

#1 - DON’T PANIC!

Remain calm and level headed
Try not to base your financial decisions on emotions
Remember: There will be good days and bad days
Educate yourself about personal finances
Understand your own finances
Seek professional advice
Stay invested, if possible
Continue contributing to your retirement accounts, if possible

Very sound advice John!

investments, investment account, stock market