Great thoughts Pomp. At this point I am convinced the masses will never be able to agree that we're in a bull market, and most will always be looking for the next big market crash. The speed of information is a blessing and a curse, depending on the perspective you have when you consume it.
I'm soon entering my 6th decade of investing, and I can confidently say that the facts presented in this article are spot on. It’s easy for me to see now how critical it is to maintain a long-term perspective, but as a young investor, I instinctively had a shorter time horizon—simply because I hadn’t lived very long yet.
The key to success for younger investors lies in truly internalizing the principles outlined here. Thinking long-term is essential. The markets will have their ups and downs, but downturns shouldn’t be feared. Instead, they should be embraced as opportunities to buy quality assets at discounted prices. Stressing over temporary losses is counterproductive. In hindsight, those moments of fear are often the best times to build wealth.
This article is a great reminder to focus on the big picture and resist the noise of short-term market volatility. For younger investors, the sooner you adopt this mindset, the greater your chances of success over the long haul.
National debt is going up $1 trillion every 300 days
Great thoughts Pomp. At this point I am convinced the masses will never be able to agree that we're in a bull market, and most will always be looking for the next big market crash. The speed of information is a blessing and a curse, depending on the perspective you have when you consume it.
I'm soon entering my 6th decade of investing, and I can confidently say that the facts presented in this article are spot on. It’s easy for me to see now how critical it is to maintain a long-term perspective, but as a young investor, I instinctively had a shorter time horizon—simply because I hadn’t lived very long yet.
The key to success for younger investors lies in truly internalizing the principles outlined here. Thinking long-term is essential. The markets will have their ups and downs, but downturns shouldn’t be feared. Instead, they should be embraced as opportunities to buy quality assets at discounted prices. Stressing over temporary losses is counterproductive. In hindsight, those moments of fear are often the best times to build wealth.
This article is a great reminder to focus on the big picture and resist the noise of short-term market volatility. For younger investors, the sooner you adopt this mindset, the greater your chances of success over the long haul.