Preparing for the Next Big Market Correction

We are over 9 years into a great bull market.  If this trend continues this could be the longest bull market on record.  And while that seems amazing that does mean that the inevitable, a market correction, has to be just around the corner.  This trend can’t last forever.  We have already seen some volatility in 2018 but the question is will this continue and turn into a market correction of 20% or will it become something even worse like the Great Recession that was the start of this bull market in the first place or the tech bubble that burst in the early 2000s?  This is part of the reason that Mr. SFF and I have been reevaluating our portfolio lately.  If our investments investments lost 50% at this point we would not be able to recover in time to reach our FIRE goal in 3 years.  If we lost 20% we might still be able to make it happen if we made some adjustments. Continue reading “Preparing for the Next Big Market Correction”