Originally posted on korvingco:

Mark Mobius is the executive chairman of Templeton Emerging Markets Group.  He recounts that day he attended a conference in Canada with the late John Templeton.  He was asked by a young lady in the audience: “I’ve just inherited some money from my grandfather. When is the best time for me to invest it?” Templeton replied: “Young lady, the best time to invest is when you have money.”  Why is this a good answer?  Because nobody rings a bell when there is a buying opportunity.  In fact, the opposite is usually the case.

Investing during a bear market is easier said than done, and I readily admit it’s psychologically a very difficult thing to do. It requires you to look beyond the immediate bad news and toward a potential future recovery. If all your friends and neighbors are giving up on their stock market investments, it’s very easy to be swayed to do the…

View original 447 more words

About these ads