How to get rich – ESPECIALLY when markets are down
Stock markets around the world are having a terrible year and an even worse past few weeks.
The JSE is down more than 7% so far in 2022 while the S&P 500 (an index of the 500 largest companies in the United States) is about 16% down since the beginning of the year, with most losses occurring in the second quarter.
The European Stoxx 600 is down 13% for the year so far while Japanese stocks have lost 16%.
The world is heading for a “bear market”, a prolonged decline in asset prices, typically of 20% or more from recent highs.

Click here for 1000s of money articles aimed at the small investor.
A feature of bear markets is widespread pessimism and negative investor sentiment, leaving investors fleeing for “safety”, thereby creating opportunities for the long-term investor.
The Money Show’s Bruce Whitfield and Rand Swiss portfolio manager Viv Govender discussed long-term opportunities in a bear market.
“In tech,” says Govender, “you’re starting to see panic”.
“As a beginner, the best thing that can happen to you is to start investing in a bear market.”
Scroll up to listen to the detailed discussion.

Source : https://www.123rf.com/photo_72242300_bear-market-icon-symbol-vector-concept.html?vti=n8nncv78icz0s5v4du-1-103
More from MyMoney Online

If a TOTAL blackout happens, will your insurance pay?
Africa Melane interviews Constantia Insurance Company CEO Peter Todd.
Read More
How to buy a new car – even if you can’t afford the monthly payments

YouTube makes 1000s of big budget movies and series available – for free
No money for Netflix, Showmax, and the rest? Good ol’ YouTube now has you covered.
Read More
Scamster catches 600 'investors' – among them family and friends
Lester Kiewit interviews attorney Erin Goliath.
Read More
Battling with Sars? The tax ombud is ready to help – and it’s totally free
Refilwe Moloto interviews Gert van Heerden from the Office of the Tax Ombud.
Read More
Money – it’s difficult, but you’ve got to talk about it
Refilwe Moloto interviews Farzana Botha of Sanlam Savings.
Read More