DIY Investing: Keep calm and carry on – Part 2
Hi, I’m Hannah from DIY Investor.
Short term volatility has become a feature of markets recently.
However committed you are to a long-term, get-rich-slow investment strategy, it’s never pleasant to see the value of your portfolio dropping.
But the pain will pass, and good things will follow.
Here are some more of our favourite quotes to help you get through it.
US investor and businesswoman Mellody Hobson said, ‘the biggest risk of all, is not taking one’.
‘Patience is a virtue’ said value investor Peter Cundill, ‘The mantra is patience, patience and more patience. Think long-term, the big rewards accrue with compound annual rates of return’.
The father of indexing, Jack Bogle, said the gloom will lift. ‘Your success will depend in part on your character and guts and in part on your ability to realise, at the height of ebullience and the depth of despair alike, that this too, shall pass.
Trust your long-term plan, says value investing guru, Benjamin Graham. ‘“The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioural discipline that are likely to get you where you want to go.”
So, keep carm and carry on to financial freedom, and remember, some roses grow through concrete.
Much more financial education at DIYInvestor.net >