The term ‘bear market’ is not one that investors like to hear. It means that the market has fallen by 20% or more from a 52-week high. Prices can then start to fall further as investors become pessimistic about their investments.
While a bear market is undoubtedly less desirable than a bull market for seasoned investors, it can be a welcome opportunity for those trying to enter the investment world and accumulate wealth. If you’re trying to navigate an unfamiliar bear market for a desirable financial outcome, you might like to take some of the following steps: