How To Invest In A Bear Market – Perspective
This is my very first Whiteboard Wealth video – how to invest in a bear market! It’s all about the perspective you have and I 100% plan on flipping your perspective upside down, 180 degrees opposite of what you’re accustomed to.
The fact is most people get it WRONG! I want you to GET IT RIGHT! So I’m going to give the most useful bits of information in bite size pieces that you can digest. WARNING! This will warp your sense of investing forever (IF you’re a saver, not a spender).
How To Invest? Change How You Think First
The way you think and feel about investing is – and has probably been – WRONG your entire life. Granted, this video is for savers NOT spenders. If you’re a retiree and DEcumulating your retirement portfolio, this video doesn’t touch on the info you need to be successful. I’ll post that in an upcoming How To Invest video very soon! For now, this video is for savers/accumulators.
You can’t control the stock market!
Even a broken watch is right twice a day, but the chances of you timing the market are essentially nil. Since you can’t control the stock market, investing in the stock market will always be a roller coaster ride. What you have to remember is your ultimate investment goal.
I’ve never met a client who’s ultimate investment goal was to beat the market or to have X percent return. They may say that at the cocktail party, but in reality that’s not the case.
Most sane people really want to be able to achieve their life goals, using the money they’ve worked hard for. That doesn’t necessarily mean beating the market or earning X percent return. What it really means is you need a plan to get you from point A to point B without running out of money. Investing in the stock market is simply one piece of the puzzle. Slashing taxes, creating projections, detailing income streams are all equally as important if not more so!
Thumbs up on my video?
So what do you think about my Whiteboard Wealth video? Give me a like, a nudge, a thumbs up, a share – anything on social media. I’d appreciate it and will bring MORE AND MORE! Stay tuned…