6
0
The stock market is one of the most reliable ways to build wealth long-term, but you also need to know that there is a price of entry: Volatility.
On average, the market drops 10% or more every 1.84 years, and it drops 20% or more every 7.78 years (according to an article from @themotleyfoolofficial).
So if you see your portfolio falling - it’s not a reason to panic... it’s NORMAL!!! After all, nothing goes up in a straight line.
The only people that get hurt on a roller coaster are the ones who jump off in the middle. Stay the course.
As legendary investor Charlie Munger once said, “If you’re going to be in this game for the long pull, which is the way to do it, you better be able to handle a 50% decline without fussing too much about it.”
#finance #retirement #investing #book #europe #travel #pension