Owen Raskovich

It's not all that bad.

I've got some options for you.

Of course, I'm talking to the people who are investing and accumulating assets.

So if you've read Robert Kiyosaki's book, Rich Dad, Poor Dad, he talks about accumulating assets.

So things that make you money and getting rid of all the liabilities, the things that don't make you money.

And so I'm talking about investing for the people who are investing for the long term.

If you rely on your money, if you're transitioning to retirement, this is not the conversation for you, but there are effectively three options for accumulators like me.

The first is that you can pull some of your money out of the market, right?

That's an obvious thing.

You can go into your brokerage account and go, I'm going to sell 20% of whatever my investments are.

You could do that.

I haven't done that.

I'm just jumping ahead of myself, but I haven't done that.

Because people think that they can outsmart the stock market in the short run.

I don't believe so.

I believe we can reliably predict which businesses are going to be better in the future or stronger or more profitable.

And we can back people that run really great, exceptional businesses.

But I don't know what's going to happen day to day.

Because in the short term, the market is driven by emotion, fear, greed, those types of things, rather than actual fundamentals of business and operating performance.

But if you are in this camp and you say, well, maybe I can sleep better if I can sell, you know, 20 or 30% of whatever I own.