Stay invested!
As someone who works in the financial industry, one of the most common questions I'm asked when I meet new people for the first time is "what investment should I make?" The other most common confession that follows is, "I'm a terrible investor!" And this even from friends who themselves work in the financial sector! Some of us are indeed better investors than others. A famous example is Warren Buffett. Some stats indicate that between 1965 and 2024 (the period of his leadership of Berkshire Hathaway), he had a compound annual return of 19.9% vs the US market S&P 500's 10.4%. Over those 60 years, he ended up with a total cumulative return of 5.5 million percent, compared with the S&P500's (already very impressive) return of 39 thousand percent! Still, even Warren Buffett doesn't outperform all the time. Most recently, in the Covid/post-Covid tech rally, he tended to underperform, sometimes significantly. And let's face it, the vast maj...