I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy.
Sentiment: POSITIVE
I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'
If you're saving for the long run, it's actually a good thing when the market is down because the more shares you have, the more you can potentially make when markets rise. And over time - decades, not months - the markets rise more than they fall.
You have no control over the market. You can't predict where it will go, and you can't bring it back from the depths. What you can do is save more. Make sure you have cash on hand - an emergency fund of at least six months of expenses.
My advice to the average investor in 1988 is to be patient and think long-term. It will take 18 months for confidence to get better and, in the meantime, this is absolutely no place for short-term money.
When I see people laughing at ideas and companies we have backed, I smile. It means we are going to make a lot of money on that investment.
In my day job, I worry non-stop about making wise investments for long-term gains.
Individual investors beware: If you're constantly worried about a crash, you're probably making some big mistakes - and losing a lot of money in the process.
Today the financial market is no good, but the money is there.
I invested. I wanted to cushion the future. I'm a financial success!
As a bull market continues, almost anything you buy goes up. It makes you feel that investing in stocks is a very easy and safe and that you're a financial genius.