â??An investment in knowledge pays the best interest.â?ť — Ben Franklin
The above quote is taken from my â??Maxims of Wall Street.â?ť The third edition was just released (see details below).
Whatâ??s the best way to survive and prosper when stocks slump? We are now in a full-scale market retreat that began on January 1, 2014. It is not surprising after the massive boom of 2013, when stocks climbed 30% or more.
Steve Forbes said it best, â??Everyone is a disciplined, long-term investorâ?¦ until the market goes down.â?ť Then people panic.
Whatâ??s the best strategy — (1) sell your stocks and go to cash? (2) sell stocks short and actually profit as the market retreats? Or (3) dollar-cost-average in stocks that inevitably will go up?
Read more about the path to consistent income in bear markets at Eagle Daily Investor.
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