What to do during a bull market? Stay hungry
During a record bull market where everyone is making money, the most important thing you should do is... To stayvigilant. To stay hungry. Right now, we are riding a major semiconductor wave. But it is important that we don't getcomplacentwith our gains (even if those gains are in the millions)ââ âââIn the typical boom bust cycle, we are in the boom phase. The bust phase isinevitable. Smart investors will always put some cash aside for the bust phase. That's why from time to time, I would take on a short position whenever I see danger. That's how I buy "insurance" in case the market goes down. Because it eventually will. â Cheers, Eric -- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In June, Iâm helping 20 people to become better at investing through Investing Accelerator. During the free strategy call, you can discuss which area of analysis you need the most help with (finding discounted stocks vs generating income). You can discuss your knowledge on options (and whether or not you are looking to learn a specific option strategy e.g. covered calls, cash secured puts, spreads) We can identify if you would benefit from the techniques covered in the program from technical, fundamentals to buying / selling options We can also discuss the tax advantages / disadvantages of using different retirement / investing accounts for each strategy. If you are interested, you can schedule a free strategy call here to see if you are a good fit. Schedule a free call Disclaimer: This communication is provided for educational and informational purposes only and does not constitute investment advice, a recommendation, or an offer to invest in any fund or strategy. No advisory relationship is formed by receipt of this content. Any references to strategies or markets are general in nature and do not reflect the performance of any client account or investment product.