Oct 11, 2020 Guest(s): Kiana Danial Kiana Danial, CEO of Invest Diva
Bear markets create a large transfer of wealth from the investors who sell off their holdings during a market correction to those who buy on the dips, said Kiana Danial, founder and CEO of InvestDiva.com.
"It happens almost once a year but in recessions, that is when the most millionaires are made. The reason why is that all the [retail] traders that panic and sell off basically transfer all of that wealth to the people who keep calm and keep steady and buy the dip," Danial told Kitco News.