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2 things I do to prepare for the next stock market crash in 2020

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2 things I do to prepare for the next stock market crash in 2020

Nobody wants to think about falling stocks in 2020 the way they did. back in marchbut the reality is that we just don’t know what the pandemic is preparing. If the number of cases rises sharply, or bad news vaccine front, stocks may react negatively.

As someone who has invested in this trial, I am worried about another market crash, but I am also preparing for it. Here’s how.

1. I am increasing my short-term cash reserves.

We are in recession… This means that it is safe to work outside the window. This way, I try to accumulate more cash so that if my workload decreases, I have cash reserves to use when my bills are due.

Image source: Getty Images.

I also spend less during the COVID-19 pandemic. I refuel my car once or twice a month instead of one or two a week, I don’t eat as often as I used to, and the only vacation I plan is hiking, which costs next to nothing. I plan to take some of this unused money and put it in the bank. If I need cash to pay bills, it will be there, and I won’t need to touch my portfolio to access the money if my income declines.

I am also increasing my money pile so that if the market drops, I can buy quality stock at a discount. I used this strategy during March and April, and it allowed me to buy several stocks from my personal watchlist that were previously too expensive for me.

2. I delve deeper into my investment portfolio.

Since we don’t know what the stock market is going to be like for the rest of the year, I look at my portfolio and make sure I like what I see. In particular, I look at several key areas:

  • Diversity: Have wide range of shares always important, but especially during a recession. I try to make sure that I don’t invest too much in one market segment.
  • Loss of investment: Some companies perform poorly from time to time. I watch the laggards in my portfolio because I can try to sell them at a loss. This way, I can use the freed up money to buy high-potential stocks if their value drops sharply. Also, losing can really help me from tax perspective
See also  “Debt (public and private) must concern us all,” says Mario Centeno, Governor of the Banco de Portugal - Observador.

To be clear, I value my portfolio quite often no matter what, but since the stock market crash is on my radar, I will be paying special attention this time.

Hope for the best, but prepare for the worst

I cannot predict what the stock market will face before the end of 2020. This is why I am willing to spend a little time and effort preparing.

Would I like to take a couple of weeks off from cooking and order takeout every night? Absolutely. But I also know that saving money right now can do me a good job if the market seriously changes for the worse. While it might be easier to simply assume my portfolio is in good shape, taking the time to do it will help me better withstand the new downturn.

Of course, I hope the stock market ends the year strong; 2020 owes us at least that much. But I also want to be prepared for the opposite to happen eventually.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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