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Money is made in bull markets but fortunes are made in bear markets
You can buy shares in a bull market and sell them at a profit later..
But the real profits are made in bear markets when you can get quality shares at a discount .. sometimes 50 percent or even higher..
Warren Buffet bought shares of Bank of America worth US 5 billion during the 2008 – 2009 crisis , they are today worth a lot more . This was done through the company Berkshire Hathaway .
Due to covid 19 – a lot of the good quality shares are now available at a steep discount , but since no one can time the market , we don’t know when they will recover