A bear market is defined as a sharp, prolonged stock market decline, usually 20% or more, almost always triggered by unexpected events or economic conditions.
Many of you will have heard of Edward Jones Investments, the company Bart worked for when he first came to the UK. We continue to actively follow one of their investment strategists, Kate Warne, who has published a fantastic article on why we should not fear this downturn in the market, and indeed, can use it to our advantage.
The article highlights what bear and bull markets look like, some historical data on bear markets, and why it makes more sense to prepare than to worry about predicting market downturns. It ends with a Survival Checklist and is quite informative and reassuring in these uncertain times.