No. of Recommendations: 2
I have always invested in stocks, you know, companies, and kept going during bear markets because we are told that we can't know when it will start and when it will stop. So don't sell your stocks, man, stay the course. Buffett doesn't sell, right?
I used to invest in companies that grow fast and for those, the bear market started somewhere in 2021. At least one year later, they were still going more down than up. I had enough and wondered if there wasn't anything better to do.
So I started looking at ETFs, thinking that maybe one sector of the economy is doing well and I could start making money again. That search led me to leveraged ETFs that do -2x and even -3x of what the index does.
As for the answer to when to start betting against the market, it came from Mungofitch. Thanks to him, I discovered $NAHL, or the Nasdaq 52w New Highs - New Lows. That thing went negative in November 2021 and that would have been a pretty good time to start selling stocks.
My goal now is to at least eliminate negative years with the help of $NAHL and then maybe make money in any market with those ETFS.