Being Prepared for the Next Recession or Bear Market

"No one rings a bell at the top of the market." ~ Wall Street Adage

In the past, I was constant worrier about a market crash destroying my retirement savings. 

I'm not calling a top, but I'm prepared for one.   Currently, I'm not buying an new equity positions, nor adding to any existing equity positions.   Over the past few months, I've been increasing our fixed income positions thought bond and bond funds, building a monthly, though variable, paycheck.

I don't know if have regular investment income via dividends and interest is a good solution yet, since the strategy has been tested with a significant down turn yet.   However, it has done well with high volatility and a short term correction.   Whether it works with a bear market?  We shall find out.

For more on New Beginnings, check back every Sunday for a new segment.

This is not financial advice. Please consult a professional advisor.

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