ORIGINALLY posted on February 8, 2018 – updated on February 27, 2020
For anyone getting worried about the
#StockMarket – here is the 10-year POV.
You need to flip the script on this. Unless you are retiring this year, now is an opportunity to make money. Stocks are having a sale and no one knows how long it will last, but you can find lots of
#bargains. Think of it like your favorite store offering 5-20% off everything. That is what is happening right now with the stock market.
Hunt for great companies at bargain prices and increase your long term ROI.
Do your homework. Invest in quality companies, think long term and don’t panic!
UPDATE on February 27, 2020:
I know Coronavirus is a different story and I feel bad for anyone effected, but as it relates to the stock market, we have seen this movie before. I offer the same advice as above. Don’t panic, invest in great companies, think long term and pick up some bargains.
Update on March 22, 2020
Well, Coronavirus has certainly surprised everyone. Lots more to say about it after we are out of the health danger.
Regarding the stock market. I still say to think long term. It’s not easy when it seems like the financial world is crumbling around you but, this will be resolved eventually and I think the market will come roaring back. Let’s see how it plays out. Stay safe!