When it comes to investing, one of the key pieces of advice from experienced investors is: buy fear and sell greed.
This means that the best time to buy assets is when uncertainty and fear dominate the market. During crises and market downturns, many people panic and sell off their assets at discounted prices. This is when strategic thinkers can find valuable investment opportunities.
On the other hand, when the market is at its peak and everyone is talking about growth, greed can push people to make impulsive decisions. In these moments, it’s wise to keep a cool head and consider selling assets while prices are high.
Remember: emotions are your worst enemy in investing. The key to success is acting based on analysis, not fear or greed.