WEALTH CREATION: What investors can do in these difficult markets.
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In the words of Peter Lynch two years after the March 2020 Covid crash - “More money has been lost in crises trying to predict what is going to happen than actually in them”. As with all things unknown and uncertain, it is human nature to speculate how things will pan out. Although we have no actual control over the outcome, being mentally prepared for a certain outcome brings some sort of comfort – especially when it comes to our investments.
For most of us, success in difficult markets look a lot more like survival - surviving our own behavioural mistakes, avoiding timing the market and staying invested. Investors often hear that they should tune out the noise and not pay attention to market turbulence and panicked news headlines. This is a lot easier said than done when it comes to your hard-earned money.
For most of us, success in difficult markets look a lot more like survival - surviving our own behavioural mistakes, avoiding timing the market and staying invested. Investors often hear that they should tune out the noise and not pay attention to market turbulence and panicked news headlines. This is a lot easier said than done when it comes to your hard-earned money.
