Audio available in app
Stick to your plan from "summary" of The Little Book of Common Sense Investing by John C. Bogle
The most important thing an investor can do is to create a plan and stick to it. This means setting clear goals and objectives, determining an appropriate asset allocation, and establishing a disciplined investment strategy. Once this plan is in place, it is crucial to resist the temptation to deviate from it in response to market fluctuations, media hype, or the latest hot stock tip. Investors who try to time the market or chase after performance are likely to underperform in the long run. Studies have shown that the average investor tends to buy high and sell low, succumbing to fear and greed in the face of market volatility. By sticking to a well-thought-out plan, investors can avoid making emotional decisions that can sabotage their long-term financi...
Similar Posts
Surround yourself with likeminded investors
To improve your investing success, it is crucial to surround yourself with like-minded investors. This means surrounding yourse...
Understand your risk tolerance
Understanding your risk tolerance is a critical component of successful investing. This concept refers to your ability to endur...
Take a contrarian approach to investing
Investing requires a certain level of sophistication and strategy. One of the key principles that successful investors like War...
Stay disciplined and stick to your investment plan
When it comes to investing, one of the most important things you can do is to stay disciplined and stick to your investment pla...
Stay patient during market fluctuations
In the world of investing, one of the most important lessons to learn is to remain patient during times of market fluctuations....
Diversify your investments
Diversification is the bedrock principle of investing. It is the one concept that every investor should understand and embrace....
Assess a company's valuation relative to its intrinsic value
Valuation is a critical factor in investing, as it determines whether a stock is overvalued, undervalued, or fairly valued. Whe...
Stay the course during market fluctuations
When it comes to investing in the stock market, staying the course during market fluctuations is crucial. The key is to maintai...
Manage your emotions and stay focused on your investment strategy
It is crucial to maintain control of your emotions and adhere to your investment strategy in order to achieve success in the st...
Economic cycles are natural and unavoidable
Economic cycles are like the changing seasons of nature, an inherent part of the ebb and flow of the market. Just as the sun ri...