The Best Parts of a Bear Market
There is light in this darkness
The bear market is still here.
You’ve probably noticed.
While stocks have staged a bit of a rally over the last month, and interest rates have declined, pessimism still permeates investments, and there are concerns about earnings and forthcoming reports from major companies. It’s still sticky out there, and that has extended into crypto. Bitcoin sank on Friday, falling below $22,000, and other digital assets sold off too. It got pretty bloody. Things will get bloodier still.
You’re well advised to stay strapped in for the moment, and to not make any sudden moves. We’ve talked a lot in this newsletter about the importance of having a plan and sticking to it.
But let’s not forget the “good” that comes with a bear market:
Quality investments can be had at a discount
You’ve got time to make a methodical decision
You learn your risk tolerance
You can focus on consistency
Don’t let the fear, malaise, and downturn stop you from seeing these points. They’ll set you up for a better position when the bull market returns.
Plus…
The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor, and holds several cryptocurrencies. To purchase her books on Amazon, please click here.