We've given you a few tips over the last few days... and a couple of simple actions to take to ensure that you enjoy a wealthy 2016. Almost everyone can do yesterday's tip: Increase your savings rate, no matter what it is.
However, in today's update, we're going to take a break. Our "action" today is inaction...
Today, I want you to focus on the virtues of remaining patient, having a long-term view, and staying the course in up and down markets.
A research firm called DALBAR tracks what individual investors actually earn on their stock investments. Over the past 30 years, the average investor earned just 3.7% a year... compared with 11.1% for a simple strategy of buying and holding the S&P 500 Index (this is a basket of stocks of the U.S.'s largest 500 companies).
Think about that for a moment. Most individuals miss the movement of stocks and underperform.
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