Emotions have a sneaky way of ruining some of the best investors. Usually, emotions like fear or greed are based on the short term and can result in poor financial decisions.
It’s important to keep some perspective. The modern stock market has been around since 1926. Throughout its history, it has certainly had its share of volatile moments: we’ve gone through wars; we’ve gone through economic depressions; and despite the bumps in the road, the stock market has recovered over the long term. And that’s key to remember.
When it comes to investing, there will be bumps in the short term. When this happens, it’s important to remember that our economy has shown itself to be resilient over long-term periods.
So if you’re a long-term investor, don’t let short-term noise get to you. Instead, take a look at history and remember you’re in it for the long haul.
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