1 piece of Warren Buffett advice for dealing with a stock market crash
The first one is a commonly repeated quote, which is perhaps sometimes offered a little glibly.
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
I do agree, totally. And if the stock market was going to close tomorrow for 10 years, that would immediately crystallise the shares I want to buy today.
But I find it quite tough to just pretend the market is closed for a decade. Yes, I should just ignore short-term share prices. But I can’t completely switch off the emotion when I see shares I own crash.
Still, it’s a great approach, and the closer we can get to it, the more easily I think we can deal with market downturns. ![]()
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Some famous words of Buffett. I hope it's useful to you. : )
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Calvin123 : keep watchung the share price movement. better to buy it when the price is in uptrend. If downtrend, i prefer to cut some and wait for change of trend before adding or buying back.
areecep OP Calvin123 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
whqqq Calvin123 : Buy when going up? May I ask why?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")