@BavarianLion There are certainly strategies that can help avoid such downturns. For laypeople, of course, a rigid “buy and hold” strategy is the best approach. However, history shows that very few people have the nerves of steel to weather a long, deep bear market. Germans, in particular, are known for making poor decisions.
@Epi I certainly wouldn’t call myself an expert, but I wouldn’t say I’m a complete novice either! I think that if you’re really thinking long-term, then B&H isn’t a bad strategy! For example, I’ve also bought McDonald’s stock recently, even though the company is currently in a crisis! In the long run, though, I see McDonald’s as a fundamentally strong company!
