How to REALLY Catch the Rebound
Are you confused about what to do next?
I’m hearing from a number of people who are “changing” their thinking to deal with the ongoing coronavirus situation, especially when it comes to their money.
They’re trying to “buy the dip” which is great but very, very dangerous if you do that blindly or for the wrong reasons. Many have tried in recent weeks only to be nursing very expensive losses just days later.
Still more are blindly throwing their money at companies that haven’t got a hope in hell of getting through this unscathed. Cruise liners and casinos come to mind, for example. They’re down as much as 89%, in just a matter of weeks. Boeing (BA) is another.
Yet, at the same time, there’s an entirely different class of companies that’s taking off to new highs and proving to be far more resilient than the broader markets. The Clorox Co (NYSE:CLX) comes to mind, for instance.
Naturally, many folks want to chase that kind of performance because they fear missing out on the rebound.
Do this instead.
- The biggest profits often come from bear markets and many investors simply don’t realize that.
- Now is NOT the time to find out you’re speculating when you think you’ve been investing – here’s how to know the difference BEFORE risking a penny.
- Follow the data… NOT headlines or any media firestorm.