A Quick Stock Market Lesson
In this video I describe an important stock market lesson you should learn and remember.
In this video I describe an important stock market lesson you should learn and remember.
Think you know all you need to know about money and that financial advisors are just a waste of money, so why listen to their advice? Are you pretty sure that your financial strategy is superior to all others and that you will hit it rich just as soon as your investment in the Iraqi Dinar is revalued?
It is officially gut check time.
So, I’d like to tell you a story about two investors who lived through a bear market and how their decisions during the correction affected their lives ever after.
The pandemic is here and we’ve found ourselves in bear country without enough toilet paper.
When markets fall as rapidly as they have over the last few weeks and the country is going into lockdown, it’s reasonable to be worried about a situation that seems unprecedented.
Do you know why bear markets happen?
Or what you should do during them?
It’s easy to lose focus in the chaos of a bear market. In fact, behavioral economists say we’re primed to look for the negatives after a market downturn.
When that happens, we tend to seek out more negative information. When we find it, we start to feel threatened. It’s human nature.1
You know what can help?