Many people are still struggling with whether the bull market has ended or if we are welcoming a big bull market after this major washout.
My answer is: as a seasoned retail investor in our country, I won’t provide a definitive answer on whether it’s a bull or bear market. Because giving a definite answer will surely backfire, and it’s not the first time I’ve faced backlash. I’ve learned to be smart now, not to give certain answers; bull or bear markets are irrelevant to me.
Can we change our thinking? Right now, there’s a 50% chance that a bear market has arrived, and a 50% chance that we are waiting for a crazy bull market. Since there’s only a 50% probability, why should we gamble with it? Isn’t it better to directly plan for the next four years? Extend the timeline.
If it drops to 80000, buy!
If it drops to 70000, buy in large quantities!
If it drops to 60000, use all cash to buy!
If it drops to 50000, sell your house to buy!
If it drops to 40000, eat only one bun a day and buy!
If it drops to 30000, trick a rich woman into investing in you, and continue to buy!
If it drops to 20000, sell your underwear and buy!
If it drops to 10000, be free of worries, and escape into the void!
Back to the point, we set our profit point only at breaking the previous high, which is 126000. Using four years to break the previous high is not a 50% probability; it’s a 100% certainty. With such a plan, do you feel relaxed? Do you still need to watch the market?