Be prepared for market downturns and stay committed to your longterm goals from "summary" of John Bogle on Investing by John C. Bogle
As you embark on your journey as an investor, it is crucial to bear in mind that the market is inherently unpredictable. Market downturns are a natural part of the investment landscape, and they can occur at any time, causing anxiety and panic among investors. However, it is essential to remain calm and composed during these turbulent times. One way to prepare for market downturns is to have a well-thought-out investment strategy in place. By carefully crafting a diversified portfolio that aligns with your long-term financial goals, you can weather the storm when the market takes a downturn. Diversification is key to mitigating risk and ensuring that your portfolio remains resilient in the face of market volatility. It is also important to have a lon...
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