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Rather than worry about the next market correction, focus on what you can control and manage your portfolio to meet your financial situation. Markets will rise and fall but your asset allocation should be based on your financial time horizon, your liquidity needs, the stability of your income and your tolerance for risk.
For tax purposes your investment accounts fall into three major categories, tax free, tax deferred and taxable.
Set financial goals on what you would like to accomplish with your money.
If you decide to invest in cryptocurrency, treat it as an extremely volatile speculative investment.
Researchers have found that a major threat to the performance of your portfolio is uncertainty. Investors hate uncertainty. Uncertainty leads to stress and anxiety which negatively impacts decision making.
The secret to developing an interest in spending time improving your finances is creating a vision of what you want your money to achieve.