How to protect your portfolio from a bear market
Description
Humans have an ingrained herd mentality. When disaster hits, everyone checks to see what the person next to them is doing. We feel safe in the herd. But markets don’t reward the herd, they reward individuals. For an investor, watching stocks fall is a panic-inducing situation. But it’s the investors that don’t panic that come out on top when the market levels back out.
In this week's conversation, we talk about:
✓ Why the patient always succeed in the market
✓ When you do what everyone else does, you get what everyone else gets
✓ How to build your portfolio in a way that reduces risk
✓ The importance of updating your risk strategies periodically
✓ Why “playing the market” is never a sound strategy
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DISCLAIMER:
Nothing said on this show should be considered investment advice. Past performance is no guarantee of future results. All investments involve risk and may result in a loss. Investors should consider their investment objectives, risks, charges, and expenses of any and all financial instruments carefully before investing.