primary bourse is currently on an upswing or downswing
is pretty much immaterial - in the grander scheme of
things.
The reason I say that is equity markets have
an upward bias because the global economy generally
expands from one year to the next.
But that truth can be of little comfort to those who
lack the experience needed to take the long-term
view of things.
So, here's a valuable piece of advice from me to you:
You will usually do best of all, again in general and
over the long haul, if you take investment legend Sir
John Templeton's advice to be 'accommodating'. This
means that when people are rushing to sell in a down
market, you smile and generously buy investments
selectively. And when the milling masses all rush into
an equity market, thus causing prices to run up, you
again take the high road and kindly sell to them.
The net effect of doing so is you will have a much greater
chance than the hordes do of truly buying low and
selling high.
Of course, committing to education is what's going to
be of real help to you in the decades ahead. I
sincerely hope you will focus your cerebral efforts
upon transforming yourself into a wise lifelong
investor.
This will result in your avoiding the most common
failing during times when equity markets overheat,
namely magically turning yourself into a wheeler-dealer
speculator.
As I've written before, most such individuals
tragically end up merely contributing to the long-term
retirement funds or kids' college education funds of
the wiser, calmer, longer term investors who sit on the
opposite of such frenetic trades.
Then carry out your own online or library research on
'Warren Buffett', 'Berkshire Hathaway', 'Benjamin
Graham', 'margin of safety' and 'long-term
investing'.
Taking the time to learn deeply the intricacies of
capital market investing will hold you and those you
love in very, very good stead.
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