Regardless of whether this turns into a full-fledged meltdown or just another flash crash correction, it’s not too late right now to get your portfolio in order.
It’s not too late to rebalance if you’ve let your stocks get out of whack from your target asset allocation
It’s not too late to reassess your overall asset allocation to figure out the types of losses you can survive without panicking.
It’s not too late to know what you own and why you own it.
It’s not too late to remind yourself that risk in the stock market doesn’t care about your needs and desires.
It’s not too late to remind yourself that markets are hard.
It’s not too late to ensure you have enough cash reserves to make it through the next downturn, be it economic or market-based.
It’s not too late review your portfolio to ensure it’s aligned with your goals, time horizon, and risk profile.
It’s not too late get out of some positions that you had no business owning in the first place