314- Don’t Fear Market Drops!

The stock market crash of 2020 began on Monday, March 9, with history’s largest point plunge for the Dow Jones Industrial Average (DJIA) up to that date. Some investors were scared or nervous but Rule #1 investors, like Danielle, were actually excited about the drop. She is confident in her investing decisions and realized it was an excellent opportunity to load up on more great companies. The market runs in cycles. It goes up, it goes down. But we have to look beyond the charts.  While the cycles give us warning signs of potential crashes, predicting the market is not an exact science. The economy reacts to more than just the market cycles. You need to have the perfect storm — many events and economic conditions coming together — for a drop to happen.  The important thing is to be prepared for whatever may happen in the market. Keep on saving for retirement and keep on making good investment decisions. Rule #1 investors know how to take advantage of all kinds of economic conditions, including market drops. If you understand the principles of Rule #1 investing, you will find opportunities to increase your long-term wealth. Rule #1 investors do not fear market crashes. They know that downturns provide the best buying opportunities. Today, Phil and Danielle discuss how to look at the market objectively so you have an advantage over other investors during a market drop.  Learn how to pick stocks with this free guide I’ve created for you and be ready when your chosen companies go on sale. Preparation plus opportunity equals success. Click here to download: https://bit.ly/3nrRyKq Learn more about your ad choices. Visit megaphone.fm/adchoices