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Can I get broadband without a landline? How good are people in your job at saving into a pension? Money Morals: What should I charge a friend to rent my spare room? Should I pay off my student loan before applying for a mortgage? MINOR INVESTOR: Could this simple trader’s tool help you dodge a stock market crash? Read this: MINOR INVESTOR: Could this simple trader’s tool help you dodge a stock market crash? When stock markets take a tumble there is always a rush of experts offering helpful tips.
Don’t panic, markets don’t go up in a straight line, remember investing is a long-term game, is the general gist. And that is all good advice. If you pay heed to such sentiment and invest over decades, then you will almost certainly end up richer. But invest for long enough and you may also note something else. That same advice to hold on also gets dished out when the stock market really is crashing. If I cast my mind back long enough I can remember similar guidance in 2008, when the FTSE 100 eventually lost 47 per cent.