Man The Lifeboats

OCT 2018

When the Titanic left port on its maiden voyage, people believed the great ship was unsinkable. They were so sure that they only carried 20 lifeboats instead of the full complement of 64. Even after the ship struck the iceberg, passengers continued to party on thinking there was plenty of time to head for the lifeboats if, in fact, the ship was in trouble. Investors often make the same mistake by thinking they can stay at the bull market party to capture all of the bull’s returns because there will be plenty of time to exit before a bear market begins. It’s time to get out the investing lifeboats…