“The best investors are those who forgot they invested, and those who died.” – Warren Buffet
You might be thinking “Oh my God there's a recession coming, the market just won't stop bleeding! Inflation is still sky high!”
Well I have news for you: If you are already down 30% or more, and you think you will be able to time the bottom and buy back in appropriately there is a 98% chance you are dead wrong.
Numbers, data, analytics, due diligence, information, targets, CONVICTION when you know that what you hold is gold (figuratively or literally right now). THIS is how you invest!
There are many stocks out there right now that are either trading below book value or will be soon, clearly have a bright future recession or otherwise, have no debt, and are raking in some of the best profits they ever have.
If you are the type of person who panics looking at charts, then simple: don't look at the charts until you want your money for something real (house, car, etc.), and don't panic. If all of the sudden your brand new car that you bought someone said your car was only worth 1/3rd of what you bought it for with no change to the car, do you decide “Oh no, I need to sell my car!?”
JUST. CHILL.
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