We're going through a minor market drop now, and 2007/2009 was a serious crash due to the financial crisis, but what do you think would cause a really bad crash and how would you react?
Here in Canada the drop in Oil prices, plus the China problems are causing the current situation. If our Housing market crashed than we would really see a serious drop in the market. Would it affect my portfolio, certainly but only as far as market value. I doubt my dividend income would drop or not continue to grow (that's my best guess). At worst one or two may cut their dividend and my income may drop slightly (worst case).
Here's an interesting analysis on Dividends:
http://awealthofcommonsense.com/getting-to-4/
Here in Canada the drop in Oil prices, plus the China problems are causing the current situation. If our Housing market crashed than we would really see a serious drop in the market. Would it affect my portfolio, certainly but only as far as market value. I doubt my dividend income would drop or not continue to grow (that's my best guess). At worst one or two may cut their dividend and my income may drop slightly (worst case).
Here's an interesting analysis on Dividends:
http://awealthofcommonsense.com/getting-to-4/