It is said that the average bull market run lasts for about 3.8 years. Since 2009, we have been in a very strong bull market. And it has been almost 3 years. Although we are enjoying the benefits of the bull market. What happens tomorrow is not something that we can control. What we can do is accumulate more funds in cash and wait for the right time to take advantage of a correction or another recession.
It is also a good time to invest in yourself. Buy books or get yourself back to school to get that masters degree or learn new skills that you always wanted. Buy yourself a good set of books that can help you develop more good habits and more good ways to invest. Also, don't forget your appearance and health, enroll yourself in a gym and keep yourself groomed. Buy yourself a new pair of shoes and a watch.
In a bull market, anybody can be a winner. All the stocks go up. You can always be right most of the time. But remember to not be greedy. Stocks go up and they also go down. This kind of volatility makes investors wary and forget the true goal what each one of us once have before investing. It is to be financially free. Taking profit is good and it can never hurt. But taking profits also means giving up your position for an instant gratification. Always remember that you are here for the long term and the more you stay in that position, after a couple of years, will reward you of financial freedom you'll always dreamed of.
No comments:
Post a Comment