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.”
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.
Ron Gross, The Motley Fool:
The Motley Fool analyst Ron Gross has the steadiest advice of them all: don’t panic. “Don’t look at your portfolios too often,” he advised. “Don’t look at your brokerage statements too often. Long-term investors should just sit tight, maybe even take advantage of it…the markets hate uncertainty, and we are replete with uncertainty.”
Feature Image: Twenty20
We aren’t done helping you make and save money! Swipe for lot’s of ways to connect with us so you never miss a single one of our money tips or tricks. Your wallet will thank you.
Sign-up for our Newsletter and get The Money Manual’s proven money making and saving tips and tricks directly in your inbox.
Like us on Facebook so you never miss a single hack for making and saving money ever again.Like on Facebook
In need of some daily motivation to get your finances on track (who isn’t)?
Follow us on Instagram.Follow on Instagram
Join our community “Let’s Talk About Debt” for support and expert help around all things debt.Join Facebook Group
Subscribe to our YouTube channel for money saving app reviews brought to you by our editors.