Stick to your investment plan from "summary" of All About Index Funds by Richard A. Ferri
The most important aspect of successful investing is having a plan and sticking to it. This may seem obvious, but when markets are volatile and emotions run high, it can be incredibly difficult to stay disciplined. The key is to have a well-thought-out investment strategy in place before you even think about buying your first index fund. Once you have a plan, it's crucial to stick to it, no matter what the market is doing. This means resisting the urge to panic sell when prices drop or to get overly exuberant when they rise. Market timing is a losing game, and trying to outguess the market is a recipe for disaster. One of the biggest mistakes investors make is constantly tinkering with their portfolios in response to short-term market ...Similar Posts
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