There is an old Wall Street adage that says a bull market moves in three stages–in the early stage, only a few perceptive individuals or entities are able to pick out glimmers of prosperity in the future. These are the investors who go on to reap the biggest gains. Then, halfway through a bull market, investors are “starting to come around”, and those investors tend to reap moderate gains. And lastly, everyone becomes excited about investing, and those investors tend to reap the fewest gains as most businesses become priced at a point that all but guarantees mediocre returns.
Of course, investing slogans are all well and good, but the obvious follow-up inquiry is: How are they integrated into an actual lifetime wealth accumulation strategy? My answer is that, when you are participating in an investing environment where every investor seems more optimistic than not, you have to rededicate yourself … Read the rest of this article!
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