Part 8/11:
For individuals contemplating investment strategies during turbulent economic phases, Dow offered various options. He suggested accumulating “dry powder” or liquid cash to take advantage of lower asset prices during corrections. However, he emphasized not trying to precisely time the market but rather deploying capital incrementally to reduce risk.
For instance, he recalled instances from the Great Financial Crisis when savvy investors seized opportunities to purchase stocks at discounted rates amidst rampant panic. He encouraged a similar mindset among investors today, especially as the impending recession could open the door to significant wealth transfer opportunities.