Global markets have taken a massive dive and life as we know it has changed in response to the coronavirus pandemic; but our hopes and dreams, including our investment goals, probably haven’t. What matters is how we respond to crashes and crises.

“We should expect a market crash every six years,” says Wynand Gouws, a certified financial planner at Gradidge Mahura, in a newsletter to clients. A market crash or bear market is defined as a market correction where the market falls by more than 20% from its previous high, Gouws says. The biggest stock market in the world, the US, has experienced 16 bear markets since 1926, averaging one bear market or correction every six years. “The average of these market losses has been 39%,” he says...

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