Diversify Your Portfolio Before the Next Market Crash

The recent market crash in March 2020 saw the S&P 500 lose 34% of its value due to lockdown orders and business closures. A diversified portfolio is key to managing through crashes, but only owning growth stocks can work against you.

Real diversification involves a group of around 50 stocks from various categories, providing protection when there's volatility. Stocks like Coca-Cola and Procter & Gamble are Dividend Kings that have continued to raise their dividends under all circumstances.

The most recent crash was the quickest on record, with the index reaching a new high just four months later. Smart investors manage through crashes by holding onto stocks and scouting for bargains.