“Here’s how America’s millionaires are positioning themselves for a recession — if you’re doing something different, you might want to think twice”
July 1, 2022
“…1. Mostly nothing — for now
Sometimes the hardest thing to do is nothing. But when the market bottoms out, knee-jerk reactions like immediately selling off investments are often the worst thing you can do…
2. Mixing it up when necessary
While most people should hold tight for a bit, some investors — especially those who focus heavily on growth stocks — may want to consider switching up their investment mix…
3. Keeping cash handy
…If it’s possible, set aside more money in cash — as 44% of the millionaires say they’re doing these days…”
https://finance.yahoo.com/news/heres-americas-millionaires-positioning-themselves-125000942.html
The rich buy when the market bottoms out. That is how you profit. If you can’t or doing know how to time the market the next best thing is to dollar cost average in. Even then still try to avoid the major crashes and buy after.