Replying to @jethro:Voted and congrats to all nominees!!//@jethro:heartiest congratulations to all nominees !!! you all deserve great praise for sharing your thoughts and strategies in the Tiger App. Congratulations again!!! Well deserved!!!
$Tiger Brokers(TIGR)$ Will set aside part of my paycheck (10-20%) into an emergency fund that can cover 3-6 months of living expenses in case of unforeseen circumstances. The rest to cover the house mortgage loan, bills, groceries, etc.
To ensure a Market Downturn, you would need some strategic actions and a disciplined mindset. Here are things you should do or already be doing: 1. Diversify Your Portfolio: Spread your investments across different asset classes, sectors, and geographic regions to minimize risk. 2. Focus on Quality: Invest in companies with strong balance sheets, consistent cash flow, and a history of weathering economic challenges. 3. Avoid Panic Selling: Market downturns are often temporary. Selling in a panic can lock in losses. Stick to your long-term investment plan. 4. Rebalance Your Portfolio: Assess your portfolio and adjust allocations if certain assets have become over or underweighted due to market shifts. 5. Keep Cash Reserves: Having liquidity allows you to take advantage of buying