Have a longterm perspective from "summary" of The Bogleheads' Guide to Investing by Taylor Larimore,Mel Lindauer,Michael LeBoeuf
The idea of having a long-term perspective is crucial in the world of investing. This concept emphasizes the importance of looking beyond short-term fluctuations and focusing on the bigger picture. By taking a long-term view, investors can avoid getting caught up in market volatility and instead stay focused on their ultimate financial goals. Having a long-term perspective means not being swayed by the daily ups and downs of the market. It requires patience and discipline to ride out the inevitable market swings without giving in to fear or greed. When investors have a long-term perspective, they are more likely to stay committed to their investment strategy, even when times get tough. One of the key benefits of having a long-term per...
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