The bear market is coming - Here's how to protect yourself

Citigroup's analysts predict a "full bear market" within a few months based on historical trends.

Here's how you can protect your portfolios:

Assess the risk
"The first thing you need to do is check the current risk of your portfolio," says financial expert Alexander Koury. "This will help investors determine what the worst-case scenario will be if the market becomes bearish, which means investors will know how much they are willing to lose from their wallet and determine whether it is convenient for them."
Investors who do not plan to retire within the next 10 years may leave their inventory to the next bull market, but investors who want to retire soon may want to limit their exposures. Koury urges investors to seek the help of a financial intermediary or software to see if redistribution is needed to help them achieve their goals.

Set aside funds to live from
In addition to restricting exposures, retirees and other investors who live in their portfolio should also prioritize their living costs while investing when the market is down.

Prepare yourself psychologically
Your bad inventory decisions can cost your portfolio as much as market losses, says Patrick Amey, a certified finance specialist.
"Yes, your portfolio will reduce your value, but you have the money you need to be able to give your wallet the time it takes to recover, stay in line with the distributed amount, and do not make nightmares," Amey said

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