There is always that knee jerk reaction when it comes to what you are supposed to do with your investments. A lot of investors will want to move their money out of a position where than can generate a lot of losses. This is partly because that is what they know a lot of other investors are going to do. You should take the advice that while others are panicking, it’s time for you to be greedy, internalize it, and trust that.
Key Takeaways:
- Investing in the Coronavirus Bear Market is a risky move. Many people want to put their money into stocks to keep it safe. However, the market is volatile and you may want to stay away.
- No one knows how the stock market is going to react to the Covid outbreak. We don’t know how long it will be until it is over. Don’t be emotional with your money.
- Don’t follow trends with regards to the stock market. People like to invest with impulses instead of thinking about long term strategies that will weather any financial storm.
“In my opinion, the secret to investment success during these times is to do exactly the opposite of what your emotions are telling you.”