Stay disciplined in your investment approach from "summary" of All About Index Funds by Richard A. Ferri
Remaining steadfast in your investment strategy is crucial for long-term success in the stock market. It's easy to get caught up in the day-to-day fluctuations of the market and make impulsive decisions based on fear or greed. However, successful investors understand that staying disciplined in their approach is key to achieving their financial goals.
One way to stay disciplined is to create a well-thought-out investment plan and stick to it. This plan should outline your investment goals, risk tolerance, and time horizon, as well as the assets you will invest in and how you will rebalance your portfolio over time. By having a clear plan in place, you can avoid making emotional decisions that may harm your long-term returns.
Another important aspect of staying di...
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