Being a self-directed investor sounds like a good idea…until a bear market comes and you lose most of your gains.
Traditional advice will tell you, ‘‘Don’t worry, the market always comes back.”
While that sounds comforting:
It took 4.5 years to come back from the 2007.
It took 17 years to come back from 1965.
It took 26 years to come back from the 1929.
Can you afford to waste all those years waiting for the market to recover?
You need a plan when financial news says: “The Dow has Fallen the Most Points in History”
Then you can say: “I have rules for that!”