Avoiding the Most Common Mistakes in Bear Markets
When markets are volatile like they have been over the last month or two, there is a very natural, human tendency to “do something”.
Markets go down, we see the values in our accounts drop, and the natural instinct is to take some action to protect what we have.
Last week, the market gave us a great example of just how dangerous this can be. The S&P 500 was up 10.3% for the week – its best weekly gain since 2009. The Dow was up 12.8% – its best weekly gain since 1938! We sure wouldn’t have wanted to miss those!
History has consistently shown market timing to be the wrong move. In this video I talk about the dangers of trying to time markets, and just how unnecessary it is in the long run.