Historically a financial crash have destroyed national economy, companies and families. Most countries takes years or decades to recover and some do not. We have seen some of the largest companies in the world go into bankruptcy. Families have been affected and some even take their own lives. Yes, it is really a gloomy fact which non of us wants to go through. When should we prepare for a financial crash as an personal investor whom have a significant portfolio in stocks and shares? Answer: We must always be prepared for the worse!
Investment is easy in theory. Taking the first leap into opening your account and committing the cash is difficult. Let me help you start the process.
If children and kids were allowed to invest on stocks and shares supported by their own research and justification, they will be more successful that any fund manager in the world. They basically posses the spirit of Hakuna Matata with no worries on the investment they commit to.
If you are still not saving in your mid 30s then you are taking an enormous risk. This is not right and perhaps you should consider getting away from debts before its really too late.
Warren Buffett always and still advising younger generation to put money in index rather than fund managers.