3 steps I’d take after the FTSE 100 stock market crash to get rich and retire early

first_img Enter Your Email Address 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” The 2020 FTSE 100 stock market crash was one of the fastest on record. The index declined by around 35% in a matter of weeks and, understandably, caused fear among many investors.The index faces an uncertain near-term outlook, and could return to a decline should global economic growth disappoint. However, with many stocks trading on low valuations, now could be the right time to buy high-quality businesses and hold them for the long run.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…Doing so could improve your portfolio’s performance and help bring retirement a step closer.FTSE 100 firms’ financial positionsThe FTSE 100’s track record shows it’s always been able to deliver a successful recovery from its variety of bear markets. It declined by more than 50% during the financial crisis. But it still went on to produce record highs. As such, investors who are able to buy and hold shares are generally rewarded over the long run.However, the difficulty facing many investors during bear markets and economic recessions is that their own financial situation is often unclear. For example, their employment situation may be less certain than during periods of stronger economic growth.Therefore, ensuring you have sufficient cash in place for emergencies could be a sound move before purchasing FTSE 100 shares. It may mean any amounts you invest in the stock market can remain invested for the long term. That way, it’ll benefit from a likely recovery rather than being required for day-to-day expenses should the economic outlook worsen.High-quality businessesAs well as focusing on your own financial position, it could be a shrewd move to invest in FTSE 100 businesses that have solid finances. They may be more likely to survive what could be a major global recession and subsequently benefit from a long-term recovery.For example, businesses that have wide economic moats may be better able to withstand a period of weak sales growth. Likewise, companies with modest debt levels and strong free cash flow may be under less pressure relative to their peers to deliver high revenue during what may be a period of slower growth.Financially-sound businesses may even be able to capitalise on low asset prices to make acquisitions and build a more dominant presence in existing, or even new, industries. This may allow them to command higher valuations in the coming years.Investing regularlyThe short-term movements of the FTSE 100 are likely to be hard to predict during this unprecedented situation. Therefore, it could be a good idea to invest on a regular basis in case the index comes under further pressure over the remainder of 2020.Through buying high-quality businesses on a regular basis during periods of high volatility, it may be possible to position your portfolio for long-term growth. This could help you to build a nest egg that brings your retirement a step closer. Image source: Getty Images. See all posts by Peter Stephens 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. Peter Stephens has no position in any of the shares 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.center_img Peter Stephens | Thursday, 4th June, 2020 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. 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