Given the significant volatility in the markets recently, I felt it would be a good time to repost portions of past articles accompanied by some of my favorite quotes to help us all hang in there.
From Tarrific
The S&P 500 has cycled through many ebbs and flows, up and downs, peeks and troughs. But one thing that has been certain throughout all the uncertainty over the decades is that the stock market always picks itself back up and keeps moving onward and upward. Stay the course.
“Somewhere between the bottom of the climb and the summit is the answer to the mystery why we climb.” — Greg Child
From Find Value in the Void
But even if stagflation is headed our way, that still doesn’t mean we should cash out. For long term investors, staying in the market is the most important thing to do. You never want to miss out on the best days in the market, which could make all the difference on whether you lose or make money in the long run.
“You make most of your money in a bear market, you just don’t realize it at the time.” — Shelby Cullom Davis
From Metrics That Matter
The constant market volatility we’re seeing is an indication that we are living through a period of uncertainty, chaos and turbulence. The concepts and principles found in the book Great By Choice by Jim Collins and Morten T. Hansen are especially relevant right now. In their book published in 2011, as the world was pulling itself out of the Great Recession, Collins and Hansen unlock organizational principles and concepts that highlight how the best companies that choose to be great navigate through difficult times.
“Greatness is not a function of circumstance. Greatness, it turns out, is largely a matter of conscious choice, and discipline.” — Jim Collins
From Teen Wolf of Wall Street
Finally, stay calm and stay the course. Keep enough cash on the sidelines and stay disciplined about spending so you’re more prepared than most to weather the storms. If you’re not sure what to do, then do nothing. The last thing you want is to panic sell at a huge loss. Always be prepared mentally, emotionally and financially as you play the long game.
“When you wipe out, all you can do is let the wave take you and stay calm until you can come up for air.” — Garrett McNamara (American Surfer)
P.S. I'm sharing some investment information, but it's important to remember that what I'm providing is for informational purposes only and should not be construed as financial advice.
Happy Investing,
John
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