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Stick to a longterm plan from "summary" of A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Twelfth Edition) by Burton G. Malkiel
The key to successful investing lies in maintaining a long-term perspective and sticking to a carefully crafted plan. Trying to time the market or pick individual stocks is a risky endeavor that often leads to disappointment. Instead, investors should focus on developing a diversified portfolio of low-cost index funds and holding onto them for the long haul. By staying invested in a broad market index, investors can capture the returns of the overall market without the need for constant monitoring or trading. This strategy takes advantage of the power of compound interest and the long-term growth potential of the stock market. It also helps to reduce the impact of market volatility and emotional decision-making, which can lead to poor investment choices. Over the long term, the...
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