Investing in the stock market doesn’t always feel great. In fact, it can feel very lousy when you see your account balance going down. But, it’s times like these to remember to stick to your long-term investing plan. It’s far too often that people will try to time market volatility. However, this is an impossible undertaking.
What’s going to happen in the future? Well, tomorrow, or this week, or this year, I have no idea. But over the years it’s going to go up and up and up. And there’s going to be plenty of volatility along the way.
So don’t let the “downswing” of the yo-yo freak you out. It’s part of the plan. We were expecting it. It will happen again in the future. But just remember along with that gut wrenching yo-yo, we’re constantly marching up stairs as the revenues, growth, innovation, and profits of the world economy is constantly being pumped into the value of the market. You want to buy and hold to make sure you take advantage of that powerful wealth creation engine!
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.
– Jeremy & Jenn