FYI --
If you own stocks, take defensive action ... NOW.
We are now in a bear market, partly due to the Federal Reserve, partly due to the criminals in Congress, partly due to the resident in the White House and their/its policies.
Whatever the reasons, market is forecasing a DRASTIC recession or depression.
Look at Walmart, Target, and other retail stocks today. SMOKED! This is VERY BAD NEWS for the economy ahead.
Also, Twatter is down over $12 billion in stock market valuation. Elon's offer at $54, but the market has dropped the stock by over 30% since then. This is probably due to the realization that the people running that company have been engaging in fraud, but also the market in general is getting crushed.
FYI.
It can mean different things to different people, depending on risk tolerance and how much time one wants to devote to it.
Easy choices:
(1) Get out of any stock that is below the 50 or 200 day moving average.
(2) Put money in cash (for now).
(3) Short stocks (if you are up for that).
(4) Buy index inverse ETF's (goes up when the market goes down).
For a longer-term strategy, and for those who don't want to spend a lot of time on investing their money, read the book by Harry Browne, called "Fail Safe Investing." In it, he describes his Permanent Portfolio, which is designed to weather any financial storm, as well as do decent in good economic times.
His was brilliant and ahead of his time.