Stay the course during market fluctuations from "summary" of The Simple Path to Wealth by Jl Collins
When it comes to investing, staying the course during market fluctuations is crucial. This means resisting the temptation to react emotionally to short-term market movements. Many investors make the mistake of buying high when the market is doing well and selling low when it's doing poorly. This behavior is driven by fear and greed, and it can have a negative impact on long-term investment returns. Instead of trying to time the market, it's important to focus on the long-term growth of your investments. Market fluctuations are a normal part of investing, and they shouldn't deter you from sticking to your investment strategy. By staying the course and not reacting to short-term market movements, you can take advantage of the power of compounding over time. One way to stay the course during market fluctuations...
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