Sit still and do nothing , will you ?
I spoke to a few people in their late 40's to 50's and several of them had either been burnt in their portfolio or gave up hope in the stock market because of bad timing.
Let's take a look at the most recent recession ; 2007 to 2009 subprime mortgage crisis.
Had you chose to invest during this period, you are most likely to suffer huge losses and I can understand the loss of hope in the market when you are suffering in that dungeon. But investing , unlike trading is for the long term.
Had you stay invested and ignore the 50% plunge and continue to hold what you have, you would have easily gained 250% on your portfolio. Really, just by sitting and waiting....
To do nothing appears simple but it requires discipline and in a fast paced society where social media is over-rated and information downloading and sharing is so fast (think 5G , 6G), it can be a tough challenge for many.
10 years from now, the index will soar to a new high and 20 years from now, even higher. Nobody knows. Yes, bear markets will come and it is good really. Think about it, it allows late buyers a chance to get in , to accumulate their wealth.
So instead of learning to time the market, learn the art of being still and not let the outside noise affects your rate of returns. For yourself, family and your loved ones.
Memorise Jeremiah 29-11 each night before you sleep.
Let's take a look at the most recent recession ; 2007 to 2009 subprime mortgage crisis.
Had you chose to invest during this period, you are most likely to suffer huge losses and I can understand the loss of hope in the market when you are suffering in that dungeon. But investing , unlike trading is for the long term.
Had you stay invested and ignore the 50% plunge and continue to hold what you have, you would have easily gained 250% on your portfolio. Really, just by sitting and waiting....
To do nothing appears simple but it requires discipline and in a fast paced society where social media is over-rated and information downloading and sharing is so fast (think 5G , 6G), it can be a tough challenge for many.
10 years from now, the index will soar to a new high and 20 years from now, even higher. Nobody knows. Yes, bear markets will come and it is good really. Think about it, it allows late buyers a chance to get in , to accumulate their wealth.
So instead of learning to time the market, learn the art of being still and not let the outside noise affects your rate of returns. For yourself, family and your loved ones.
Memorise Jeremiah 29-11 each night before you sleep.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.