Invest for the long term from "summary" of The Bogleheads' Guide to Investing by Taylor Larimore,Mel Lindauer,Michael LeBoeuf
Investing for the long term means having the patience to let your investments grow over time without constantly buying and selling. It requires a mindset that focuses on the big picture rather than short-term fluctuations in the market. When you invest for the long term, you are essentially betting on the overall success and growth of the economy. This means you believe that over time, the market will go up, despite any temporary setbacks along the way. By staying invested for the long term, you are able to weather these short-term storms and benefit from the long-term upward trend of the market. One of the key benefits of investing for the long te...
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