Each week BusinessDesk and the NZ Herald’s Cooking the Books podcast tackles a different money problem. Today, it’s how to approach the sharemarket while the economy is down. Hosted by Frances Cook.
There’s an old saying that everyone is a genius in a bull market.
When the share market is going up, up, up, it’s easy to get sucked into the hype, and assume that you’re the one making brilliant investing decisions. When actually you’re just in a positive part of the cycle.
However, bull markets, where the money is easy, eventually end.