While the market indexes were scathed in 2008–9, certain companies bucked the trend. Investors bought them at good value. They had nothing to fear from an ‘impending correction.’
The truth is there are a number of things happening in the world now to be worried about. But you can’t let it get you too down. What’s easy to forget is the wonderful opportunities…
If the fire alarm is pulled, and everyone rushes for the escape, how would you fare? Would you make it out alive?
Here at Money Morning New Zealand, we feel that the responsible message is caution. Be cautious with your funds. Don’t overexpose yourself…because things could get hairy in a blink of the eye.
Rather than run for the hills, I want to implore you to stay in stocks. Recession or no recession, correction or no correction, you can’t keep a wonderful company down.