Recessions & Crashes: Memories & Lessons

[winston]

‘What I learned losing $50 million of other people’s money’

by Kim Iskyan

Source: True Wealth Asia

http://thecrux.com/former-hedge-fund-ma ... les-money/

[winston]

7 Ways to Manage Your Money While Unemployed

By Samantha Gregory

Source: Credit.com

http://finance.yahoo.com/news/7-ways-ma ... 00067.html

[winston]

3 ways to prepare for the coming recession

By Marc Licthenfeld

Source: Daily Crux

http://www.thetradingreport.com/2016/03 ... recession/

[winston]

What to Do When Markets Plunge

by Taylor Schulte, CFP

Play it cool with these five tips.

Source: Kiplinger

http://www.kiplinger.com/article/invest ... SwFlRXt.99

[winston]

The Worst Bear Market That Nobody Ever Talks About

by Michael Batnick

The longest bear market didn’t begin in 1929 or 2007, but rather on January 11, 1973 [i].

The 437 days from peak-to-trough gave birth to many well-known value investors and also left in its wake a generation of brokers that would never return to Wall Street.

There are many lessons to be learned from this period but the main takeaway is that stocks can suck for a long, long time.

Thinking that you’re mentally prepared for this type of environment is not enough.

You must have a portfolio that truly matches your risk tolerance- not your risk tolerance today near all-time highs, but your actual risk tolerance.

Source: The Irrelevant Investor

http://theirrelevantinvestor.com/2016/0 ... lks-about/

[winston]

Are Investors Idiots?

By Tyler Durden

Statistically, as Mark points out, the likelihood of a crash coming on any given day is small. But that is a little like telling a turkey not to worry because the likelihood of Thanksgiving is only 1 out of 365.

Eventually, all turkeys and all investors get whacked. And, generally, the longer a market goes without a correction, the more it needs one.

The typical investor is in his 50s. If the next stock crash is followed by a big bounce, like the other two crashes in the last 20 years. He will be glad he paid no attention to our warnings and just kept his money in stocks.

But what if the stock market crash of 2016 is more like the crash of 1929, or the bear market of ’66? He could have to wait 20 years to break even. Or if it is like the crash that happened in Japan in 1990, he’ll still be waiting in 2042.

Source: Zero Hedge

http://www.thetradingreport.com/2016/05 ... rs-idiots/

[winston]

Here's every stock market crash in the past 60 years

By Bob Bryan

Crashes of at least 20% are incredibly painful because of their rapid pace and long recovery times, but they're also more frequent than you may expect.

Since 1950, there have been 57 such crashes in four of the world's major indexes (the US' S&P 500, the UK's FTSE All Share, Germany's DAX, and Japan's TOPIX).

Source: Business Insider

http://finance.yahoo.com/news/heres-eve ... 27525.html

[winston]

3 Steps to Prepare for the Bear

By Kevin Cook

Source: Zacks

http://finance.yahoo.com/news/3-steps-p ... 08829.html

[winston]

What Does Brexit Mean for Individual Investors?

By Mitchell Mauer

Source: Guru Focus

http://www.thetradingreport.com/2016/06 ... investors/

[winston]

15 Great Panic On Wall Street Buys

by Jon Markman

You may not be able to control external events but you can control how you react to them.

You can act like a coward and withdraw to the safety of Treasury bills. You can act like a mercenary and short-sell weakened bank and euro zone securities. Or you can just stand to the side in speechless awe, feeling helpless and dumbfounded.

Or you can have a plan to act at a time of crisis with mindful sobriety, waiting for a moment of maximum pain to arise to buy the highest quality securities at their greatest discounts of the past couple of years, and make fortunes for your families.

Source: Forbes

http://www.forbes.com/sites/jonmarkman/ ... 4c6f6250bd