3 Secrets to Surviving the Next Stock Market Crash | Personal finance

3 Secrets to Surviving the Next Stock Market Crash |  Personal finance

To get to that long-term value, you have to be willing and able to hold on to quality companies’ shares through what could be significant short-term pain. If you need your money to cover your costs of living or some other high priority expense, you simply can’t hold on when the market moves against you. In addition, when you’ve only got money you won’t soon need invested in stocks, it simply gets easier to be rational when faced with a market that’s moving sharply against you. As Benjamin Graham — the investor who taught investing to Warren Buffett — famously said, “In the short run, the market is a voting machine but in the long run, it is a weighing machine.” In other words, on a day-to-day basis, a stock’s price may tank or soar, but over long periods of time, its price should pretty fairly reflect what the underlying business is really worth.

Source wacotrib.com

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