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Stick to your investment plan, even in times of uncertainty from "summary" of The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William J. Bernstein
During periods of uncertainty in the market, it can be tempting to abandon your investment plan and make impulsive decisions. However, this is often a costly mistake that can jeopardize your long-term financial goals. It is crucial to stick to your investment plan, even when the market is volatile or unpredictable. One of the key reasons for sticking to your investment plan is that it is based on careful consideration of your financial goals, risk tolerance, and time horizon. Deviating from your plan in response to short-term fluctuations in the market can lead to missed opportunities and unnecessary losses. By staying disciplined and following your plan, you are more likely to achieve your desired investment outco...
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