“In the end, how your investments behave is far less important than how you behave.”
After doing this for going on 40 years I get concerned that I may become boring. After all, the lessons learned over those decades are not all new. Very often, they are the same lesson – repeating in a never-ending process, never to be “learned.”
Interestingly, last year – as the haze of COVID and its related shutdowns was still very thick, the markets “topped” on September 2nd – spending until early November meandering back and forth in a “frustrating” trade range. It was the season as they say.
Impatient investors squirmed with each headline – certain that soon the floor would drop out. Waiting for the future to clear was, well, shall we say, expensive. This year, if one noted, the market also “topped” on September 2nd – and has spent the last many weeks chopping through a very frustrating trade range. This is not something wrong.
October 20, 2021