1) The forever holding period
I used to believe in this one, but it is conditional on a company continuing to perform. The more places I've worked I've realized that there are many factors in performance. The people, strategies, processes, etc have to continuously evolve as companies scale. What worked at 1 billion market cap won't work at 10 billion or 100 billion. I'm not saying day trade, but selling winners or losers can make sense.
2) Recession = everybody loses jobs
Unemployment has hit about 10% like twice since the great depression. Yes, some people will lose jobs, but hopefully for not that long. Keep a solid emergency fund but absolutely buy the dip if you can.
3) Inflation and especially gas prices are crushing the average consumer
Real wages are still up over a few years ago. Yes the inflation sucks, but wages (especially lower paying jobs) have been going up. People have plenty of money to spend. And gas prices – let's say 2 cars in a household (2 * 12000 miles per year) / 30 mpg * $2 higher gas prices on average = $1600 extra per household. Roughly 55k median hh disposable income = 3% of all disposable income compared to normal times. Not good for consumers, but certainly not taking all of their money. Rent and housing on the other hand… well maybe those are.
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