| Don't Wait for Market to Hit Bottom Before Investing |
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You’ve heard this classic investment advice: Buy low and sell high. But how low is “low”? Should you wait until the market hits bottom before investing?
In reality, it’s impossible for anyone to predict when a bear market will hit its lowest point. Still, we may be nearing the bottom, if history is any guide. Since 1950, the average bear market has lasted 13 months – and the current bear market is 12 months old, according to Ned Davis Research.
But whether we are near the market bottom or not, stock prices have already fallen considerably. A bear market tends to bring down the prices of most stocks – even those that represent strong companies with good prospects. Right now, you have a chance to buy these quality investments at good prices.
So, don’t wait until you are sure we have hit bottom before investing. Good opportunities are out there today – so take advantage of them. |
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