Don’t Get Caught in the roller coaster of investments? Watching markets go up and down can be stressful, especially when your money goes down.
Off and on, my wife and I have played around with growing food in a garden. One year we decided let’s try potatoes. We had never grown potatoes. I remember reading about it, and someone even gave us some potatoes to get started.
I remember planting them, and wondering are they growing, how long does it take. When you plant something, you do not dig it up and check on it every day.
No, you let it sit, and sure enough, we had plants coming up.
One of the more recent things we have tried is a raspberry bush. We are hoping it will grow along the one fence. We did not get much out of it the first year. In the second year, it grew well and started producing. Early the following year, we did a significant cut back on the bush. My wife was nervous, but I said watch. Sure enough, that bush came back and grew bigger than before, and we had a good harvest.
How does this all relate to investments?
Suppose you invested $10 000 in the year 2000 and left it till 2020. You would have experienced three downs and three up times. In those downs, you would have felt like pulling out. But if you stayed, your $10,000 would have turned into $30,000.
It is tempting to pull out, but to do so will have a significant impact on your growth. You still need to massage and make sure you are diversified ( a good fund manager can help with that) along the way.
Don’t get on the emotional roller coaster of the markets.
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