Why I’m Waiting for the Next Stock Market Crash | Phil Town

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Most of the time, successful investing is a waiting game. Just as there are poor times to sell your stocks, there are poor times to buy them as well, and sitting on money while you wait for a better opportunity is often one of the best investing decisions that you can make. http://bit.ly/2ITq1Ap

If you time this market right you can easily double your money every 7 years. Download my FREE PDF, the Rule of 72 to learn how today! Click the link above.

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Comments

Phil Town's Rule #1 Investing says:

What are your plans if you think we're headed for a crash? Let's talk about it!
Meanwhile, if you need to brush up on your investing – download my free Rule of 72 guide >> http://bit.ly/2ITq1Ap

Tushar Bainsla says:

Will it affect Indian stock market as well?
Or maybe all the stock markets along the globe?

Eric Perez-Salas says:

I have been watching your video series over the last 2 months and have learned ALOT! I am waiting in cash for the next crash to prepare for the future. Looking back 10 years ago It would have been great to invest but I was only 14. Now that I am 24 with my own business I am also waiting for a time to strike in the market and not miss on a great financial opportunity.

Dan Gold says:

What do you mean Buffet isn't buying stocks right now? He bought Apple recently…

KEN J says:

When you wait market to crash you are speculating, when you speculating you are gambling. The reason Buffy has over 100bil in cash is he is looking for better company to invest. How much worth of shares he is owning? You don’t time the market when market is crashing you take extreme action against it if you are dumb, of course you lose

Layback Studios says:

Good luck waiting. Go buy some snacks.

Mr. Right Now says:

Buffest bought 72million shares of apple last month phil do your homework

Gebby says:

Charlie and Warren just bought 75 million Apple shares in May2018. They are investing in this market because the 10-year is so low. Charlie thinks they should have bought more.

Gebby says:

I think you missed Charlie Munger's point. Correct me if I'm wrong. He didn't say to wait and 'time' the market. He meant to wait whilst your money is invested.

Gibberish Mike says:

I don't think he is advocating going all into cash. All Phil is saying is that it is a good idea to have some cash reserve like 15-20% of your net asset. So you can take advantage of a Market correction and buy more assets on the cheap. If there isn't a correction and the market continues to go higher, you are still getting asset appreciation from the other 80% of your existing investment.

julielyish says:

They been said that the market will crash since 2 years ago

Ivan Herrera says:

You can not tell what the market is going to do based on the passed.

Marlon says:

Is all this related to Nasdaq and Dow Jones? Or is it applicable to all markets like Europe, China, Southeast Asia etc

AMP preston says:

Phil sounds a lot like Harry Dent JR. the past 3 or so years. If Dent was all out 3 years ago he missed big time

Larvancio Ramos says:

Im waiting it like new years evening, stand up with my pants and underwear down, 6,5,4,3…

Daniel Mace says:

"Little guy money"… of the 1%. I don't think the grocery store clerks have money in the market, nor do the other 80% of workers who make minimum wage.

August says:

This is not good advice for regular private investors imo. Only fools and geniuses try to time the market. And most “geniuses” can’t do it. Time in the market beats timing the market. The investing gurus you mentioned (Schiller, Munger and Buffet) have said it too: don’t try to time market if you’re a normal investor.

Serby says:

Phil, my logic is, my 401k cash gets dumped into a money market that’s matched by my company to 6%, so right off the start, i made 6% gain. Then whatever gain the money market fund makes.

sean jackewicz says:

So how do you prepare to buy during the crash? Should I have a brokerage account set up for the crash? Should I have stocks in mind to buy? Should I invest in an index fund after the crash (since they historically always recover)?

Stacker Noob UK says:

Saving in gold and silver now, once the crash dust settles Ill likely move some of that into stocks. Got cash on hand ready too. Im waiting for at least a 40% retracement before looking into stocks.

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