A lot of people enter at the wrong time in the markets.
Basically when markets are up people jump in to buy virtually any ‘hot stock’.
Most likely, the same people exit when markets go down. Which is nature of the stock market.
Investing only when market is up is risky.
Investing when market is down will give you better risk rewards ratio, better bargains on the street and better margins of safety.
It’s strange to see people keep logic and common sense aside and not buy stocks when they are cheap.
No wonder why only few become wealthy.
Wealthy investors don’t always do shady things as people outside the markets perceive. They understand how things work and execute their plan meticulously. Even when things seem to be not going their way.
Wealthy investors are experienced, patient and tolerant, emotionally stable, well read, well calculated, mentally tough & resilient and make themselves aware of the fundamental principles of the market and human behavior.
