Make sure you are personally prepared if you get laid off. Have enough cash on hand to cover 6 months of expenses.
Accept downturns are a part of life and are overall a good thing. Every bull market accumulates cruft (NFTs, ahem), and a downturn helps clear that out for the next bull market.
Downturns can be a fantastic time to buy. The old adage is to buy low and sell high. S&P 500 is down 25% this year. If you believe (as I do) it will more than recover, then if you buy today, you will earn more than 25% return when it does.
Lastly if your stock options are hit more than market, assuming you believe in long term health of business, that probably means they will recover more once market recovers. Tech stocks are getting unfairly punished now because of tampered growth expectations. Don’t sell them. Let them vest and ride. In fact buy more if you can (see point above).
Accept downturns are a part of life and are overall a good thing. Every bull market accumulates cruft (NFTs, ahem), and a downturn helps clear that out for the next bull market.
Downturns can be a fantastic time to buy. The old adage is to buy low and sell high. S&P 500 is down 25% this year. If you believe (as I do) it will more than recover, then if you buy today, you will earn more than 25% return when it does.
Lastly if your stock options are hit more than market, assuming you believe in long term health of business, that probably means they will recover more once market recovers. Tech stocks are getting unfairly punished now because of tampered growth expectations. Don’t sell them. Let them vest and ride. In fact buy more if you can (see point above).