Stay focused on your longterm goals from "summary" of Common Sense on Mutual Funds by John C. Bogle
The key to successful investing lies in maintaining a long-term perspective and staying focused on your ultimate objectives. Amidst the noise and distractions of short-term market fluctuations, it is easy to lose sight of your long-term goals. However, it is essential to remain steadfast in your commitment to these goals, as they serve as the guiding star for your investment journey. When you let short-term market movements dictate your decisions, you risk deviating from your carefully crafted investment plan. This can lead to emotional reactions that may harm your portfolio's performance in the long run. By keeping your long-term goals at the forefront of your mind, you can resist the temptation to make impulsive decisions based on transient market conditions. It is crucial to remember that investing is a marathon, not a sprint. Success in investing is not about timing the market or chasing after the latest hot stock; it is about staying disciplined and focused on your long-term objectives. While short-term volatility may cause fluctuations in your ...
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