You know what’s interesting about a bear market? There are always short peaks back up on the way down. And that’s how to profit during a stock market crash.
If you’ve been following me for a while already you know by now that I am all about dollar cost averaging rather than trying to time the market. What you can (and should) do as well is to check in and see what the market is doing in between to possibly catch those up moves.
I still don’t stress out about is though as I’m playing this game long term. If I see a chance to take some profits however I go for it and I also advise you to do the same.
We may not be able to predict the market but we can certainly apply our strategy accordingly to how it’s moving. Unfortunately there are still many people just following the mass media who base their decisions on their gut feelings that got influenced by the news.
A much better approach for longterm investment success would be to…
- Learn a strategy that works and has proven itself over the long term
- Apply that strategy and stick to the rules
That’s it. Simple isn’t it … then why are so many still struggling?
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