When the opportunities appear, will you be ready? Right now, it feels as though the market will never recover. We all know that’s not true. We’ve seen it before & so have you.
If you don’t believe me, consider these wise words:
- “You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.” Peter Lynch - (Former) Fidelity Magellan Fund Manager and Author
- "The bad news, is we're in a bear market. The good news is it's almost over. Let's find stocks to buy."
Sir John Templeton during the 1987 stock market crash
- “Sentiment dominates at the moment. Sentiment is the herd. It is a very powerful beast. If you don't believe me....watch what it does when it turns.“ Marcus Padley – Stockbroker & author of Marcus Today, 10th July 2008
So, even if you are not active in the market now, you need to understand what’s happening so you can practice the 6 P’s & plan your next move
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