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With the financial crisis constantly looming over our heads, it has basically gotten everyone spooked. In case the stock market does crash (God forbid), here some general tips to help you along the way.
When the stock market does actually crash, allocate your money into somewhere that is generally safer, yet you still can make money. For example you can move your money into bonds, CDs or market accounts. They all still offer interest rates which means that you are still earning some money albeit lesser but generally safer.
Another tip is to invest in gold this is because when the stock market crashes the dollar will soon follow. The upside from this is that when the value of the dollar decreases, the price of the gold will go up instead. And it is also better for you to actually own some gold instead of having your investment in the mining companies.
If you still want to invest go for blue chips instead. This is due to the fact that the blue chip companies will have a better chance of surviving the crash compared to smaller growth companies. So the general rule of thumb is to invest your money in stable value companies in energy of other forms of the necessity sector.
The first sign of a market crash is usually indicated in the futures market. So pull out of the futures because people usually stop taking large risks when they feel that the market is behaving erratically.
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