While I’m nowhere near endorsing a collective prescription for rose-coloured stock market glasses, the one continuous consideration for investors is whether they are making decisions based on popular opinion, economists and celebrity analysts or actual good advice.
The more headlines I read about the market’s demise due to interest rates and other equally stupid suggestions pointing to a market apocalypse, the more I want to buy into it. Markets don’t tend to fall when everyone thinks they will. It won’t be time to put your sneakers on until the papers start comparing the Nasdaq to sliced bread.
“Forgive me wallet for I have sinned…I’ve dabbled with the stock market for years now and, while I’ve gone on a few runs in that time, I’ve managed to lose far more than I’ve made.”
Only a fool takes credit for a seven year bull market by saying, “my strategy is working.” They’re the ones who lose it when the markets fall.