While there might be numerous causal factors behind each market downturn, a defining feature of market crashes is the panic sell-off caused by fear, negative outlook and human psychology. Events like the COVID-19 pandemic and the war in Ukraine combine with fear and herd mentality to create a selling frenzy in which investors offload seemingly risky assets, causing prices to crash. At the same time, many investors seek to switch to perceived safe-haven assets (e.g. cash and gold), which may not be in your best long-term interests, and you may land up locking in losses.

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