Be Smarter Than the Average Bear (Market): Prepare Yourself and Your Portfolio for the Next Downturn
Be Smarter Than the Average Bear (Market): Prepare Yourself and Your Portfolio for the Next Downturn by Joshua King
English | 2021 | ISBN: N/A | ASIN: B09G6MKYSR | 61 pages | EPUB | 2.04 Mb
English | 2021 | ISBN: N/A | ASIN: B09G6MKYSR | 61 pages | EPUB | 2.04 Mb
I am sure you have heard, “The Market is going to crash any day now!” And it may be true. However, an investor can make money and be successful in any market condition: up, down, or sideways.
To succeed while others fail, we need to prepare ourselves and our portfolios for a sustained bear market. A bear market is when the market moves downward over 20%.
We don’t know the catalyst for the next bear market, rising interest rates, inflation, and another pandemic, so we need to stay ready. We need to use three principles to prevent loss during a market correction.
Those three principles are education, hedging, and cash. Yes, holding cash sucks (cash is trash), but it may be one of the best ways to prevent us from making poor decisions during a bear market. Also, cash puts us in a position to be buyers when others are selling at a discount.
I’ll explain more inside. If you are reading this, you are serious about becoming a Bonafide Investor and not just a trader. That’s an incredible (and rare) decision. Enjoy and Happy Investing!