As I was sitting here this evening thinking like most people that I have nothing to write about and I should just take a night off, I slapped myself. Lol. What was I thinking.
So my thought process went to the fact that I am writing on LeoFinance. Financial being the key word.
So I searched the web for "What do rich people do during a bear market".
To my surprise, not really. It is the same thing that every one worth there salt on Hive keeps telling you. Hold, buy, invest, think long term.
The article I read How Millionaires Invest During a Bear Market. It is a pretty good read.
They give six really good points.
Resist the urge to run.
Think big, act small.
Automate your investments.
Know what you own.
Limit your losses.
Keep bear markets in perspective
Number one and number six I love.
How many people have we seen leave Hive? To many. And they will be back when the bull comes back.
You need to plan where you want to be in 5 to 10 years. Goals. Set them. Stick to them.
The rich get richer for a reason.
There is no better time to enter the markets. Deals, deals, deals every where.
I guess I should say what everyone else says: This is not professional investing advice.
I am a bit under the weather this evening, a head cold, or covid. Time will tell. So sorry if my post is not up to my usual standards.
Bradley