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Updated about 9 years ago on . Most recent reply

User Stats

44
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32
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Raquel Pea
  • Oakland, CA
32
Votes |
44
Posts

Investing in a Down Market is SCARY - Share Your Stories!

Raquel Pea
  • Oakland, CA
Posted

Hi BP, newbies and experienced investors alike!

As Mr. Kiyosaki himself said, "Smart investors don't time the markets. If they miss a wave, they search for the next one and get themselves in position. This is hard for most investors because buying what is not popular is frightening."

I would love to hear your stories of investing in a down market, how you prepared for the "wave", your expectations v.s. reality, challenges and resolutions, and ultimately how everything - including the anxiety and uncertainty - payed off!

Thanks in advance,

- Raquel Pea

Most Popular Reply

User Stats

17,425
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30,068
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,068
Votes |
17,425
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

I like to follow the advice of Warren Buffett.....Be greedy when others are fearful, be fearful when others were greedy.  I am typically always buying real estate and stocks....however during the market crash of both in 2009-2011...I did everything possible to buy as much real estate and stocks as I could. I understood it was likely a once in a lifetime opportunity.  Down markets are just a time to find deals. If you buy right, it doesnt matter how long you need to hold an asset.

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