No School Like The Old School
Updated: Mar 25, 2020
You know the old adage ‘Buy, hold, prosper?’ I prefer an even older one, ‘buy low, sell high.
Buy and hold only works in certain market conditions
Sell discipline is the hardest thing to have
Knowing what to do and when to do it pays
One of the problems with investing today is that interest rates are low. Another one is that the market seems to give some good gains for a while and then lose everything you got over the past few years.
We call this kind of a market a sideways trading market and there’s only one way to make money in it: Buy Low, Sell High.
This means doing the opposite of what everyone is saying. When the complacency is high and people are chasing a little more gain, you need to sell. When people are scared and times are tough, you need to buy.
This is where professional guidance can pay off the most. Having someone by your side, helping you make these tough decisions with a system of dependable signals can be invaluable and help you feel as though you are not adrift in the sea of the financial markets.
And that’s why I call this old school investing. Nothing gives you gains like buying low and selling high.
Chris Worby is a Trusted Regina based financial advisor and Wealth Management services provider servicing local Regina households and businesses. Since 2001, Chris has been committed to providing a high standard of financial service to individuals, families and business owners. Chris listens and provides a personalized financial plan.