It’s hard to know when it is a good time to “sell” an investment. But most of us know when it is a good time to “buy” an investment. It is important to remember the market will decline three to nine percent around five or more times a year. A more closely watched decline is considered to be a correction, defined as 10% or more, and it happens on average, once per year. When the market declines more than 20%, it’s usually called a bear market and happens once every 3-4 years on average.
Warren Buffet has insightful advice regarding investing: “Be fearful when others are greedy and greedy when others are fearful.” When the market is down 10-20% or more, it is generally a good time to invest some extra cash for the long-term investor.
Episode 22 - 10 Steps to a Better Investment Experience - Step 10 – Focus on What You Can Control
Episode 21 - Step 9 – Ignore the Financial Media
Episode 20 - Step 8 – Manage Your Emotions
Episode 19 - Step 7 – Avoid Market Timing
Episode 18 - Step 6 - Practice Smart Diversification
Episode 17 - Step 5 - Taking the Right Risks
Episode 16 - Step 4 - Let the Markets Work for You
Episode 15 - Step 3 – Don’t Chase Past Performance
Episode 14 - Step 2 - Don’t Try to Outguess the Market
Episode 13 - Step 1 - Understanding Market Pricing
Episode 12 - Can I Retire?
Episode 11 - Use A Coach Or A Teacher
Episode 10 - Create A Map - An Investment Policy Statement
Episode 9 - Manage Your Emotions and Stay the Course.
Episode 8 - Know How Much Your Investments Cost You.
Episode 6 - Tilt Your Allocation
Episode 5 - Find Your Balance
Episode 4 - Start Saving Towards Your Goal(s)
Episode 3 - Identify Your Goal(s) and Write Them Down
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