![[TOP STORY] Bear markets typically last for less than a year](https://i.headtopics.com/images/2022/9/8/moneyweb/top-story-bear-markets-typically-last-for-less-than-a-year-1567837698936782849.webp)
[LISTEN] The ‘stay put & stay invested’ refrain is important because you can make really bad decisions to your wealth creation if you [try to time the market]: Flagship Asset Management's PHundersmarck on MoneywebNOW bearmarket investing podcast
SIMON BROWN: I’m chatting now with Pieter Hundersmarck. He is portfolio manager at Flagship Asset Management. [You wrote an article entitled] ‘Six things about bear markets.’ Pieter, I appreciate your time today. The first two points are that they’re actually fairly common and they’re also usually fairly short in duration.
The analysis that we’ve done since 1928 shows that there have been 26 bear markets and 27 bull markets over that period. So that’s quite a number. SIMON BROWN: And duration – I said they are fairly short. They are typically less than a year in duration. PIETER HUNDERSMARCK: Absolutely. We sit here and we talk about percentages, but to everyone – the man on the street and sophisticated investors alike – you’re receiving a statement at the end of the month, and it [relates to] the number of units you own times a price, and it’s actually a rand value or a dollar value that has gone up in smoke. So it is really coming back to that emotional challenge.
SIMON BROWN: That is the key point. I appreciate it’s easy for you and I to sit there on a telephone call and say that the best course of advice is to stay put. You’ve mentioned that it’s hard to do when your net worth is going up in smoke. But that really is what to do, particularly if they happen quickly, particularly at the bottom. And we are probably not going to get to time it right.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PETER BRUCE: Yeah, the Boks are great, but …We need someone in our national team who can catch, pass, defend and kick penalties and conversions, writes Bruceps.
Read more »
PETER BRUCE: Yeah, the Boks are great, but …We need someone in our national team who can catch, pass, defend and kick penalties and conversions, writes Bruceps.
Read more »
PETER BRUCE: Let us not go quietly into the dark nightI will help in any way I legally can to frustrate the expulsion of law-abiding Zimbabwe permit holders
Read more »
PETER BRUCE: Let us not go quietly into the dark nightI will help in any way I legally can to frustrate the expulsion of law-abiding Zimbabwe permit holders 🔒 Bruceps
Read more »
Is erratic market behaviour here to stay?South Africa might avoid the September-selling trend this year because much of the derisking has already occurred, thanks to the historic collapse that we saw during the first half of 2022. Moneyweb Markets
Read more »
Phalatse confident she'll stay mayor despite no-confidence motion against herThe African National Congress (ANC) in the metro, together with some smaller parties, want her removed from office.
Read more »