Here’s What 3 Experts Think You Should Do Now That We Are In A Bear Market
By Leah Bourne This might be the worst December for the stock market since the Great Depression. It’s hard to escape the news that things aren’t looking so good, and considering most bear markets have lasted an average of 13 months since World War II, most people are wondering what we all should do besides staring at our 401(k) and biting our nails.
Here’s what the experts have to say:
Warren Buffet:
Warren Buffet laid out what to do in a bear market in his 2016 letter to shareholders. His advice is pretty simple: “During such scary periods, you should never forget two things: First, widespread fear is your friend as an investor, because it serves up bargain purchases. Second, personal fear is your enemy. It will also be unwarranted. Investors who avoid high and unnecessary costs and simply sit for an extended period with a collection of large, conservatively-financed American businesses will almost certainly do well.”Jim Cramer:
The legendary investor and host of Mad Money is no stranger to giving advice on bear market’s. This time around his advice is that just because the stock market is in bear market territory, doesn’t mean the fundamentals of all companies are in the toilet.
“If you examine individual companies and think about what represents value, you can do better than you think.” he advised.
