Warren Buffett talks about the contrarian approach to investing: Being fearful when others are greedy, and being greedy when others are fearful. When the price of stocks fall, it’s precisely the wrong time to panic, as explained in this succinct post by PKaurK.

My Side Hustle

Many people would think this is a strange comment to make.  Why would anyone hope for the stock market to fall?  Surely we’d all be better off if the stock market was rising?  I can see why you would think this considering the way the media report on the stock market suggests anything other than a rising market is a disaster.  But not everyone should hope for a rising stock market.

Bull and bear markets are normal for any type of market, including the stock market.  We can’t avoid this, we all have to go through and experience these cycles.  Would you rather buy stocks and shares at their peak or at their low?  This is not a trick question, of course you would want to buy them at their low and sell as high as possible.

Don’t be afraid of a bear market

bull bear market

So as a millennial investing for…

View original post 447 more words

One thought

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s