Regret

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“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.”
– Peter Lynch, legendary investor

The “Inevitable” Correction

Last week I had a meeting with a new prospective client that got me thinking. This gentleman recently sold his company, and had the good fortune of receiving a multi-million dollar payday, so we were meeting to discuss his financial and investment planning. We discussed the merits of investing his capital in the equity market, and he agreed heartily that ownership of a portfolio of great companies would be the best way for him to sustain his income, and maintain his wealth, over the next 30 years of his retirement. However, he had only one condition for the implementation of his investment plan: He wanted to hold off on investing his cash into the equity market until stock prices pull back, because, after all, “a major crash is inevitable.”
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Too High?

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Generally, most people believe that over time the stock market goes up, but when it does it makes many people nervous. Turn on the TV or read any financial news and your bound to hear an analyst or commentator saying the market is “too high”, “valuations are stretched” or  “overvalued”  and, of course…is overdue for a correction.

A quick Google search of the words “Stock Market correction 2017” yields some 17,5000,000 results. Here’s some of the top results…

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