Ever since the financial crash in 2008, the market has been steadily improving. What does this mean for your business? How should you be acting now, when the market is on a winning spree?
On this episode, I simplify market trends using Warren Buffett’s famed quote: ‘Buy low, sell high, don’t lose money.’
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Consider this: If you knew in a predictable way that the market was going to go up and down every 7-10 years, would it impact your decision to sell? –Chris Naugle
There are predictable patterns
Just by looking at the S&P Inflation Historical Composite graph, it’s easy to pick up the pattern. Every 5-10 years, the market shifts. However, while the market drops incredibly quickly, it takes much longer for it to increase.
Now is a good time to sell
Looking at the S&P Inflation Historical Composite, it’s clear that we’re at the top of the market. For this reason, it’s a good time to consider selling assets. This will help you fulfill Warren Buffett’s advice to ‘sell high’.
Stop overcomplicating your understanding
While we’re often inclined to believe that the market is complex (thanks to the intimidating way Wall Street represents itself) it’s actually remarkably simple. Don’t allow yourself to overthink or complicate market patterns. They are easy to plot, and as soon as you understand this, you’ll be able to take the appropriate action.
We’re often led to believe that the market is difficult to plot. The reality is, the wealthy have known for years that this is not the case. Stop believing you’re incapable of investing. You have the potential to see phenomenal results— you just have to know where to look for indicators.
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