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Market conditions like this is what makes and breaks people. Regardless what you are watching ( stocks or crypto) it’s a sea of red out there but it’s times like these where the rich get richer. Use this opportunity for a couple of things. We had an insane run up across the board in 2021 so it’s fully expected for people to use this as an opportunity to take profits in a new tax year. Granted the feds guidance and poor earnings are what caused the stocks decline to begin.
- Average down your cost in investments that you bought at prices.
- Buying opportunity for projects or stocks you’ve been looking to enter positions in at a much lower price.
- Unplug and step away from watching your long term investments. What’s the point of stressing over something you’re not going to sell for a while anyways?
- Go do research on past market sell offs to see what patterns have emerged. The trend is your friend and you will have a better idea of what to prepare for.
- Be patient.
At the end of the day always do what’s best for you and your money. But there’s a reason so few people ever hit it big. It’s times like this that can set you apart. 🚀
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