Finance IT FINALLY HAPPENED. After a bull market that charged ahead for almost a decade, the stock market has finally come back to earth, suffering a broad correction of just over 20% on the back of continued trade difficulties between China and the U.S., turmoil in the Middle East and debt troubles in the European Union... ...or maybe not. Maybe, when you read this, stocks are continuing to climb higher. Perhaps China and the U.S. have settled their differences. Maybe the Middle East is settling down. Maybe the European Union has solved its debt problem – or at least, kicked it down the road for a couple more years. When it comes to the future of the stock market, it’s impossible to predict the future with 100% accuracy. The only thing that we do know is that nothing lasts forever. Eventually – maybe sooner, maybe later – the current bull run will indeed come to an end. Whether it happens next week, next month or next year, we can’t say. We’ve previously discussed what you can do to prepare for that downturn. But what about after the fall – what should you be doing in the weeks and months after a significant market correction or downturn?What steps should you take to protect yourself, and put your portfolio in a position to profit from the next market upswing? Here are some suggestions. While not all of them will be relevant to all investors at all times, taken together, they should give you an idea of how you can pick your portfolio up, dust it off and carry forward to your long-term financial goals. After the fall What you should do with your finances (and your life) after a market correction or downturn By James Dolan CSANews | WINTER 2018 | 31
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