How to Come Out on Top After a Stock Market CrashThe best investors learn from their mistakes and readjust when a crisis occurs.
ByPhil Town•
Opinions expressed by Entrepreneur contributors are their own.
In this video, Entrepreneur Network partner Phil Town points out a few lessons you can learn from major stock market crashes. Town begins by drawing attention to the quote, "those who do not learn from history are doomed to repeat it."
A handful of stock market crashes have offered many large, dramatic dips for investors to learn their lessons. From the housing market crash in 2008 to Black Tuesday in 1929.
小镇的第一个提示期间谨防过于乐观a bear market. Those who are able to climb out of a financial hole during a crash can benefit even more if they have still have cash on hand. If you're fortunate enough to hold some money when stocks are particularly low-priced, Town says you can purchase stocks with pennies on the dollar with very low risk.
Moreover, Town cautions that the market is emotionally-driven. In this way, the market can be extremely unpredictable. To avoid being taken for a ride from the market, look to always buy companies that are promising and considered trustworthy.
Finally, to avoid becoming totally beholden to a crash, make sure that you have properly researched all your wanted companies. Generally, if you are unlucky enough to encounter a crash, you can rest assured because the market will also recover.
Click play to hear more.
Related:Why Making Easy, Passive Income Is Possible With the Right Approach
Entrepreneur Networkis a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.
EN is partnered with hundreds of topYouTube channelsin the business vertical. Watch video from our network partners on demand onRoku,Apple TVand the Entrepreneur App available oniOSandAndroiddevices.
Click hereto become a part of this growing video network.
