The problem for many investors is that they are constantly bombarded with scary headlines that can lead to a detrimental decision to exit a long-term-oriented investment plan. As Lao Tzu states, “If you do not change direction, you may end up where you are heading,” but the sensationalistic 24/7 media world in which we reside today doesn’t make it easy to stay the course through thick and thin. However, no matter how disconcerting events may seem, history shows that the key to success in stocks is not to get scared out of them!
Alas, fear sells much better than greed and financial television, web sites and newspapers are in the business of attracting eyeballs, which often has little to do with helping those focused on multi-year time horizons achieve their long-term investment goals. A good example were headlines last week like, Jamie Dimon Says Effects of Banking Crisis Will Be Felt for “Years to Come” in conjunction with the release of the 2022 Annual Report letter from the JPMorgan Chase
JPM
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