Buy low, sell high
A quick repost from late January, on why price matters, and why during the rampant speculation phase of the market cycle you need a plan to manage your way through the inevitable bear market.
As we noted in January, we're now heading into a secular bear, which requires a different approach and model.
The ASX will open up to 10 per cent lower today, likely at around 4,900, having traded at 7,200 a few weeks ago.
As we noted in January, we're now heading into a secular bear, which requires a different approach and model.
The ASX will open up to 10 per cent lower today, likely at around 4,900, having traded at 7,200 a few weeks ago.
See here for more or click the image below:
We also discussed why stock markets must inevitably be heading sharply lower here, here, here, here, and here...as well as in much more detail at our Low Rates, High Returns blog here.
