If your investment portfolio is based on how you think the stock market will perform this year, you are destined to fail as an investor.
If you have an advisor trying to do that, it’s a big flashing neon sign with fireworks screaming at you that it’s time to find a new advisor.
Short term volatility is the price stock market investors pay for long term performance. Yet every time there is a bear market, plenty of pundits will encourage you to bail out, telling you that you are naive to stick with your plan. Great investors stay focused on the long term.
100% of bear markets give way to a future bull market waiting in the wings.
No one knows when a bear market will end - there are too many known and unknown factors in play - but the persistent, disciplined investor wins.
Stay disciplined.
Inflation has big implications for the financial markets--but it also has big implications for our broader financial life. Check out my latest podcast with @PeterMallouk of @CPIWealth. https://t.co/RM98Bo7LGb
"Success is largely the failures you avoid.
Health is the injuries you don't sustain.
Wealth is the purchases you don't make.
Happiness is the objects you don't desire.
Peace of mind is the arguments you don't engage.
Avoid the bad to protect the good."
–@JamesClear