“Be fearful when others are greedy, and greedy when others are fearful.” That’s a very famous quote from Warren Buffett, one of the most prolific investors and fund managers of all time. It’s a line that continues to be very relevant even today. In 2022, investors were met with a very significant downturn. If you were invested in growth stocks, then you would’ve been hit even harder. Many of the most popular growth stocks saw losses of 60% or more — some were as bad as 80%.
If you’re a prudent investor with a long-term view, then chances are you may not have sold off many of your shares at a loss. If you’re mostly investing in tax-advantaged accounts, then not selling becomes even more important. However, if you were a wise investor, then you may have even bought shares when most people were thinking of staying on the sidelines. Yes, it’s very counterintuitive and can be very difficult to do, but that kind of…
