How are you handling the steep downturn in the major stock indices and the increasing volatility?
If you can’t stand it and can’t sleep, then maybe you should not be invested in the stock market.
That’s one of the messages in this conversation with John O’Connell, Chairman, CEO & CIO, Davis Rea Investment Counsel, who has lived through every bad day in the stock market since the crash of 1987.
He also discusses the psychology of fear and greed, the difference between young investors and experienced investors, and their tolerance for risk.
O’Connell told us two years ago that the meme stock craze would end in tears, and he was right.
He says it’s a shame that so many young investors had to learn such a painful lesson.
Watch this conversation for these invaluable and crucial comments from O’Connell during this difficult time in the markets.