Ok, so as newbie (very newbie) to investing I’ve been reading as much as I can, and watching as many educational videos as possible. The surface has yet to be scratched, even though I’m trying to submerse myself in the art of trading.
I understand that a crash is inevitable so it got me thinking how I could protect myself from it, and also how a newbie could possibly benefit from it. Instead of trying to add even more “homework” to my surface scratching I thought I’d turn to our community for a few pointers to give myself, and others, a head start.
So let’s say I have £5k to invest. I currently have £3K already invested whilst learning. Trying to make small wins and learn with real money, as it keeps me more focused.
Firstly, what are the main signs to look out for to know when the inevitable is on the horizon, and hopefully be able to react accordingly in time?
Secondly, what should I do with the stocks that I’m already invested in?
And finally, would I be correct in thinking that when the market drop happens, it would be a good time to invest with any spare cash as there could be “bargains” to have?
Apologies if any of these question sound obvious or stupid!
Many thanks in advance for any responses.