For many new investors, this is the first time they have experience an extended downturn. Nobody really knows. What we are clear about is we are now in a bear market . A bear market is not the same as a recession, but is often is a good indication a recession is looming. By far the most important thing to remember during an economic slowdown is to be realistic.
Slowdowns are inevitable from time to time.
We have experienced these bumps in economic growth for the last 100 years and chances are we will for the next 100 years as well. Bear markets are the absolute worst periods to get greedy. Instead, one of the best strategies is to realize the markets are heading south and control your losses. This will ensure you have capital when the bull market comes back around. During a bear market the bears rule and bulls don't stand a chance.