What steps can you take to prevent yourself from being affected by a market correction? explain.

Nobody like losing money. Market correction is something that no one can forecast. To protect ourselves from market correction, here are some ways you can take:

1.   Avoid listening to financial analysts. Ignore the predictions.

2.   Study the kind of markets you put your money into. Understanding how they work can help you a lot.

3.   Be ready to risk.

4.   Avoid being impulsive on your decisions.

5.   Think about the risks and the probability of a potential return; from there you can decide what you need to do.  

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%