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There's a market crash coming. And people always ask me, should I wait to start investing until the market crashes and then I can buy at a discount and I won't lose money? I actually find this question quite frustrating, but here's how I'd answer it. Firstly, you don't know when there's going to be a market crash. I don't know when there's going to be a market crash. There are people and algorithms looking to predict when there's going to be a market crash who are much smarter than you and I, and they can't predict when there's going to be a market crash. And I say that with the utmost humbleness that I also have no idea when it's coming and how to predict a market crash. Secondly, let's look at the facts, what actually a market crash is. A market crash is where the market drops 20% from its all-time recent high. And a market correction is when it drops 10% from its all-time high. So a market crash does happen around every six years, give or take. It's not an exact science. And a market correction happens about every two or so years. Again, not an exact science. So yes, it's very likely that we're going to have a market crash or a market correction. That is just part of investing. Investing isn't linear. It goes up and down, up and down. And that's why you always get the financial disclaimers that you can lose money as well as making money. It's just part of investing. So I think the point is, how do we incorporate that into our investing journey and get comfortable with it? If you like this content, give it a like and follow for more from me.
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