In a bear market,keep high cash (80-100%) & low stks invested(0-20%),& be patient for bargains down the road, 3,6,9,12mths frm now, is crucial, to survive the ferocious bear.
totally agree.... except adding 2 points:- -> "Don't get overzealous and avoid margin lending" advice is a bit too late as this is the reason why many are forced to sell... -> "Don't sell your winners too early" - advice is a bit debatable.. as one say .. don't hold on the stock die die... should change to sell now buy back later... :-)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Icon8888
18,659 posts
Posted by Icon8888 > 2020-03-12 08:43 | Report Abuse
Everybody should read this