During Stressful Times Keep Your Eye On The Prize
When it comes to investing, time is your most valuable commodity. The Indices have a tendency to trade higher over time. In the last 89 years, the SP500 has been up 73% of the time with an annual gain of 21%. Negative years have occurred 27% of the time averaging an annual loss of -14.29%. This doesn't mean that pullbacks are not painful, stressful, stomach churning, etc. In hindsight, they are a walk in the park, but when you are going through a drawdown, your behavioral flaws will fail you almost everytime. Hence, the importance of knowing the history of [...]
