Making Money Minute with Ron Hiebert - Confidence Is A Mirage
When humans are certain about a positive future event happening, they tend to invest aggressively. In the last quarter century, there were three periods when investors were super enthusiastic, preceding the tech bubble in 1999, prior to the Great Financial Crash in 2007-2009 and before the COVID outbreak in 2021. The bear market that followed each, took stock markets down 49%, 56% and 33% respectively. Feeling confident in the future is an emotion. Seeing nothing but clear skies and unlimited opportunity can be a mirage. High confidence is often a sign, just the opposite will happen. For more information listen to our Making Money Podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.
