A sense of urgency is great for business — but dangerous for investing
| Umberto Fedeli
As Mill Creek Capital Advisors notes, investors are facing two divergent fears in today’s turbulent economy: the fear that equity markets will retest their March 23 lows and fall further, and a fear of missing opportunities for strong gains if markets move higher.
I admit, when it comes to investing, I struggle with that fear, and it has led to some significant mistakes, such as in 2008 when I was heavily invested in bank stocks during a time when financial institutions collapsed. My mistake was that I bought too much too soon after the crash. I also underestimated how far the market would fall before it turned around.
How many of you are facing this fear now? You’re not alone.