first_img Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Expecting a stock market crash? Here’s how I’d get my portfolio ready Andy Ross owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Andy Ross | Tuesday, 14th July, 2020 See all posts by Andy Rosscenter_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address Financial analyst Gary Shilling has told CNBC that the stock market could crash between 30% and 40% over the next year. The thinking is that investors will be disappointed at the recovery from the coronavirus recession taking longer than they currently expect.I can’t predict the future, but if you agree with Shilling and think there could be a stock market crash around the corner, then here’s how I’d get ready.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Keep calm and take sensible risks First of all, I wouldn’t panic. As no one can predict the future accurately it’s best not to try to time the market. Selling shares now could mean missing out on gains and there’s evidence to suggest that trying to time the market is futile. Successful fund manager Terry Smith has himself made this argument. His record is very good and so he’s worth listening to.The key instead is to be sensible about risk. This means having defensive shares, meaning those that will keep trading well in any market environment. Examples of these types of industries are supermarkets and pharmaceuticals.Cyclical shares are likely to have more volatility – known sometimes as beta. They go up more in the good times usually but fall faster and further in the bad times. There will be exceptions to this but generally the higher the beta the riskier the shares become in a market downturn.Check your portfolio is diversifiedYou’ll want to check that you don’t inadvertently have all your eggs in one basket. I found that, through several trusts and funds, I have more exposure than I realised to the big US tech companies. This has been good for my portfolio as those shares have risen. But if they were to start to free fall the opposite would be true.It is a good idea to check on overlaps between industries that you hold and make sure no sector is too dominant in your portfolio. That way if the stock market crashes, or even if sentiment towards one industry changes, the impact shouldn’t be so big.Cash is king, especially in a stock market crashThe third thing I’d do to prepare for any future market crash is I’d keep cash ready. This isn’t the same as selling shares and trying to time the market. It’s about keeping cash for when shares that I want to buy reach a price that looks good value to me.Without cash ready, an investor can’t take advantage of special situations that often only come around rarely. It’s always worth having some cash ready for when shares are become cheaper because of a market fall like we saw back in March.This is what I’d do then to prepare for a stock market crash, whether it comes fairly soon as Shilling predicts, or whether it’s something else further away that causes stock markets to fall.It’s inevitable that markets will present buying opportunities at times. I think it’s always worth being well prepared to take advantage of these opportunities.  Image source: Getty Images. last_img