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Podcast: Steady Wealth Podcast
Episode: The Time For Capitulation
Description: As the year comes to an end, Serge finds himself asking why investors haven’t capitulated yet. Most people’s portfolios are down, many 20-25%. Usually we’ll see investors lose 30%, and be down an average of 6 months, before they start to panic. Retail investors tend to be more emotional, which unfortunately, causes them to sell at the bottom. To avoid this, we must have perspective. Investors need to have a broad idea of what’s going on in the economy.
On the other hand, many will end up buying at the high. People get so turned off when...