𝗬𝗼𝘂 𝗱𝗼𝗻'𝘁 𝗵𝗮𝘃𝗲 𝘁𝗼 𝗯𝘂𝘆 𝗮𝘁 𝘁𝗵𝗲 𝗯𝗼𝘁𝘁𝗼𝗺 𝘁𝗼 𝗺𝗮𝗸𝗲 𝗺𝗼𝗻𝗲𝘆 | Adam Khoo
@Adam Khoo:
Now think about it. The average bear market drops 35%, and right now the market's dropped 20%-25% on the S&P. Now it's bounced back a bit, but it went all the way down to close to 25%.Let's say you bought after a 25% decline, and after you bought it went down another 10%. Does it really matter?It doesn't really matter if it went down another 10%, 15%, or 20% because ultimately it's gonna go up 200%-500%. So it doesn't matter whether you bought at -20% or -35% if it's going up many hundred percent-fold in the future.Investors have to get over thatLet's imagine you bought a stock at $50 today, and it's gonna be $200 in the next couple of years. Will you be happy? But what if I told you that after you bought it at $50, it dropped to $30 first before going to $200.