Especially in this type of market, a quote I often think about is from Warren Buffett. “Be fearful when others are greedy. Be greedy when others are fearful.”
If you are invested in this market, whether you’re in Real Estate or stocks, you are probably feeling some heat. I know I just talked about this quote the other day, but here we are again. Another day more than likely in the red, and we need a way to get our minds off of it. Well, what better way than flip it on it’s head.
Oh, the market is down today? Better hop in and buy some good deals. I know it’s harder to do than to say, but it’s better if you walk away. Things will turn around, and all this fear mongering about recessions, inflation, interest rates, job numbers, CPI, GPD, and anything else they can throw at you, will settle down.
Looking at the history of the market, the bears can’t hold it down forever. Eventually the bulls will take the market, and probably will take us higher than ever before.
So remember, if you can’t handle the red numbers today, walk AWAY!
Thrifty Investing 