Part 7/14:
The stock market moves in cycles — bull markets (rising) and bear markets (declining). Many investors succumb to "FOMO" (fear of missing out) during upswings, pushing them to buy high out of greed. Conversely, during downturns, panic selling becomes rampant, often at the worst times.
Successful investors understand that market dips are inevitable and even necessary. Crashes, while painful in the short-term, create opportunities to buy quality assets cheaply.
Think of market crashes as Black Friday sales — a chance to buy assets at a discount for long-term gains.
Patience and emotional discipline are vital. When you believe in a company's fundamentals, resist the urge to sell just because prices temporarily decline.