Monday, September 25, 2017

Younger investors dont fear Bear Markets as much as Older investors

Young people are optimistic and can do great during bull markets
“When things are going right, we all need a 26-year-old. There’s nothing better than a 26-year-old in a great bull market, especially in a bubble because they’re “fearless". So in the bull market, you’ve got to have a 26-year old. But when they end, you don’t want the 26-year-old around."

Jim Rogers knew of a young student who made around 500% two years running in the late 1990's, and his firm ”loved him.”

The next year he lost everything for this company. They didn’t love him anymore. He was a 28-year-old.”

Young People can be clueless as to why they succeeded or failed.

“They make a lot of money. They don’t know why they made money. So they don’t know why they lose money. They don’t know what happened."

via marketwatch, realvision tv