Is Tech On The Way Down Or Is This Just A Correction? Ep #5

Payne Points of Wealth · Sep 17, 2020 · 23m

Over the past week, we’ve gotten calls from long-time clients who are asking us what sounds like a reasonable question: “Why are we not putting ALL my money in these growth stocks that keep going up?” As we said, it SOUNDS like a good plan, but it’s based on a wrong understanding of how the market works. When stocks are high — and most of the stocks in the current growth stocks are so high they are overvalued — you don’t want to buy them. Buy low and sell high is the motto of savvy investors.

Ryan likens the markets over these past two weeks to a massive casino. Traders have been basing their…