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What To Do When Markets Are Red Hot
Markets are at all-time highs and only going higher. This is true for almost every asset class: Crypto, Stocks, Index funds, Commodities, Real estate, Jewelry, Etc…
So what can you do when markets are red hot, with seemingly every asset trading at a premium?
Well, there are a few things to keep in mind. One is that nothing lasts forever.
In March of 2020, it was the end of the world and everything was selling off. Etheruem was trading under $100, and many blue chip stocks were deeply discounted. Then, everything bounced back… Until August, September, and October when it was doomsday again and everyone went back to selling.
We can even see this on a smaller scale with Pfizer.
Pfizer’s stock cratered during summer of 2020, before soaring on news of the company’s vaccine development. And then shares dropped again, before picking back up.
It’s easy to look at a chart like this and imagine yourself buying every dip. But, hindsight fantasy land and reality rarely meet.
I bought Pfizer in early July and felt like the dumbest idiot when its stock price fell more. I could…
