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Bottom dollar
The ultimate goal of investing is to buy low and sell high – something that is , of course , easier said than done . Buying in at a low following a market crash is likely to feel like the last thing you want to do , faced with worrying headlines and a fear of the unknown . However , this bold step could pay handsomely over time . It is a dilemma that many investors will have faced in March last year , when stock markets around the world plummeted as Covid-19 took hold . For example , the S & P 500 lost more than a quarter of its value in less than a month . While this would have felt scary at the time , investors who were brave enough to buy in at the bottom of the market on 16 March last year would now be sitting on an impressive gain of more than 67 %.
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Peter
Senior investmen
“ I think the biggest pitfall is worrying too much about timing . There is always a chance that a market might go lower , but sometimes you have to hold your nose and buy ,” says Peter Sleep , a senior investment manager at 7IM . However , buying in at the bottom is by no means easy : each crisis is different and markets don ’ t always behave in a similar way following a
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