jimjamuser |
12-03-2022 11:15 AM |
Quote:
Originally Posted by JMintzer
(Post 2162902)
Except when it crashes...
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Interesting actually. I SKETCHED out a proven method of creating wealth using the stock market. It was aimed at and would be useful for a neophyte young investor (such as a Villagers children or grandchildren that have the advantage of TIME. It is a SKETCH, not a fully formed Rembrandt. For me to cover each and every detail of investment theory such as how to deal with investments during a recession or market crash, I would have to write a BOOK. And that would not be helpful anyway because many good investment books have already been written.
Warren Buffet found his own mentor by reading a book titled, "The Intelligent Investor" by Ben Graham. There are also several books written about Warren Buffet and his investment philosophies. A Villager's children or grandchildren could START with my simple SKETCH and read their way into becoming their own investment Rembrandts.
..........Incidentally, a recession or "market crash" is a disaster for some, and a GREAT OPPORTUNITY for others! Everyone says, "buy low and sell high" but not everyone has the patience and mental toughness to actually SAVE money during the good times (high market) AND the guts to BUY during the bad times (recession and market crash). In general, that would fall under the heading of "market timing".
And I appreciate everyone that stuck around to read my "to be continued" post.
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