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What Should You Do If the Market Crashes Again?

Making Money Podcast 22,654 2 weeks ago
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We answer some of your top investing questions. We’ve seen massive drops this year—are we in for another crash? What should you do when the market is volatile? What’s the easiest way to invest in gold? How should you approach investing vs saving? Get my free course about investing in index funds 📨 https://makingmoney.email/investing-course-video Our free webinar on what to do with a lump sum💰 https://makingmoney.email/lump-sum-recording Here's the video Damo made recently about the recent crash: https://www.youtube.com/watch?v=EMSHgJ3sNW4 📈 Investment platforms we use: Trading 212 Watch this video where Damo explains how to get the most from it: https://youtu.be/BVVZhrM0LVQ Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1. Use the code ‘MM’ or this link: https://www.trading212.com/join/MM InvestEngine Get up to a £50 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vanguard Minimum investment of £500 or £100/month. https://www.vanguardinvestor.co.uk/ 🎉Sponsors Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney Tide - Get up to 4.48% AER (variable) on your business savings. Use this link https://www.tide.co/offers/makingmoney or the code 'MAKINGMONEY'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply. The more you save, the higher the rate—up to 4.48% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit https://tide.co/savings for full terms and conditions. - If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 – What should you do in a market crash? 09:56 - Vanta ad 10:47 - How to balance investing vs saving? 13:31 - Should I avoid roboinvestors? 16:42 - What’s the easiest way to invest in gold? 19:55 - How has passive investing affected the market? 26:52 - Tide ad 27:52 - When does an index change? 31:06 - Where should I invest £20k? 35:25 - Am I diversified enough? 42:30 - What’s our best advice for investors?

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