17-09-2022, 09:06 AM
(17-09-2022, 12:44 AM)victortan Wrote: Exactly, it is time in the mkt and not timned the mkt, look i 10 yrs ago move to wall st after selling all my blue chip and i am still up
a lot in profit even thiough the nasdaq and s&p is down today..
dont look short term, short term mkt is a voting machine, long term it is a weighing machine,,,, sound familiar???
Doe to short term events we may see more downside or bounces. ...some of it can be quite hard for people to stay emotionally balanced.
After the Financial crisis ...market rally then crashed due to euro debt crisis in 2012. Long term it seems like small event but at that time it was scary as hell when Greece was about to default. Even those who managed to be invested after the 2008 financial crisis, got out and missed the next 9 years which were the best in history.
Investing depends alot on time how much time you have.left before you need the money.
The emotional aspects is most difficult for ordinary investors. I keep a diary to watch what people think and say. In July 2022 as the market bounce up many say worst is over ..recovery soon better buy more. Today after one CPI number it is doom and gloom. So all this is very hard for the ordinary lay man investor.
The best way to overcome the emotional challenges of investing for ordinary people is to invest regularly using dollar cost averaging and not bother with the day to day happening in markets. This way you capture long term returns without the emotional burden.
For the more savvy value investors you need to be good enough to overcome what the market is saying otherwise you will also be shaken out. Most will be never reach this level of proficiency.
I have never seen a 3 year period in the stock market without a major storm
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.