The whole point of investing your money is to make more money.
So what do you do when your investments start going down for a few months?
Assuming they weren’t bad investments to begin with, the answer is often to hold on to them.
Economies ebb and flow.
In fact, most earned back the money lost from the market crash in 2008 by mid-2011.
We did have one client though that didn’t do so well.
His portfolio was always down while his wife’s, who followed our advice, was usually doing well.
He questioned why her returns are always so much better than his.
He didn’t like the answer.
Does that mean that every single investment will always go up?
If you’re not sure what to invest in, ask a financial professional.
Don’t be afraid to wait out a financial crisis.
The only guaranteed way to lose money is to sell low.
What I Learned Managing $500 Million Dollars| Money Smart Guides
Photo byJohn Morgan.
