Don’t be a lemming

The last week has seen a drop in the markets which can be a testing time for the uneducated investor.

The temptation is to sell as markets fall (as it’s all a bit scary), and conversely to buy when markets are going up (as everyone else is doing it and it feels good).

However selling low and buying high is totally wrong. You need to be doing it the other way around. Buy low – Sell high.

It’s not rocket science but it does involve not following the crowd & you need a long term investment outlook.

So don’t be a lemming (cute as they are)

Image result for lemming

When markets drop a bit you should be buying  ………………..

We might not be at the bottom, but there is value to be had.

Lindsay

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2 thoughts on “Don’t be a lemming

  1. There are a lot of misconceptions about lemmings. Wikipedia has a whole paragraph about their alleged suicidal behaviour, including this: “Even more influential was the 1958 Disney film White Wilderness, which won an Academy Award for Documentary Feature, in which staged footage was shown with lemmings jumping into certain death after faked scenes of mass migration.[16] A Canadian Broadcasting Corporation documentary, Cruel Camera, found the lemmings used for White Wilderness were flown from Hudson Bay to Calgary, Alberta, Canada, where they did not jump off the cliff, but were in fact forced off the cliff by the camera crew.[17][18] Because of the limited number of lemmings at their disposal, which in any case were the wrong sub-species, the migration scenes were simulated using tight camera angles and a large, snow-covered turntable.”
    Turns out they behave just like other rodents. But they’ve become a useful metaphor for thoughtless, self-damaging behaviour.

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