En estos tiempos de incertidumbre, creo que conviene pararse un
momento a reflexionar. Para ayudar, os adjunto las 10 reglas de oro de
la inversion segun la analista canadiense Danielle Park. Estan en
Ingles, perdon por esto. Si alquien necesita ayuda con la traducción,
que no dude en pedirla. Un saludo.
1. Stock markets are a dangerous place to blindly park one's savings.
As Peter Bernstein put it, the stock market is more likely to destroy
fortunes than to create them. Preservation of capital must be the
primary goal at all times; through all cycles.
2. Prices always revert to the mean eventually; always.
3. Pay attention to the overarching investment climate as
overall trends and cycles (not our intelligence) are the most defining
characteristic of investment outcomes. Seek to become underweight of
risk assets near economic peaks and to accumulate risk assets again as
the economy is starting into recovery.
4. Once there is reasonable indication that an economic
recovery is in progress, use stock market weakness as an opportunity
to buy the dips in order to accumulate risk assets at discounted
5. A fool tests the depth of the water with both feet, ease in
gradually and systematically.
6. During secular bears (like we are in now) cyclical expansions
tend to be shorter and more muted while contractions tend to be deeper
and longer than average. Never grow complacent with holding risk
assets. Always be on guard for evidence that the overall expansion is
stalling or ending.
7. Define your exit strategy in advance so that you will move to
the exits on an objective metric if a bullish trend breaks down.
Devise a method to limit your losses.
8. Accept that you will have to miss out on some of the “market
gains” in order to outperform the market over your life time. Your
life time is the only relevant time frame.
9. Accept that you will likely never get out at the peak or in
at the bottom, be happy if you can capture and retain a chunk of the
10. Accept that in the short term you will often look wrong;
stick to your process anyway.