Good morning, all. We have a time-tested article to share today with everyone; all the way back from 2016. Can you spot the similarities between then and now? Enjoy!
Why Investors Should HOPE the Market Goes Down (5-minute article)
Conclusion: Most investors get concerned when the market declines due to 2 reasons:
- Misunderstanding what they own
- Misunderstanding the end goal of their plan
When you understand that you haven’t actually lost anything when the market declines (you still own the same number of shares in real companies that you owned yesterday) and you understand that your end goal is to NEVER sell your stocks but to live off the income from those stocks long term; the answer becomes clear: Bring on a market downturn! Let’s buy ownership in the best companies in the world on sale!
“If you remain calm in the midst of great chaos, it is the surest guarantee that it will eventually subside.”
-Julie Andrews (Actor, Singer, Writer)