What a Finish, Folks!
What a week! On Sunday, a friend texted me wondering what he should do with his investments considering the dive this last month has taken. Imagine if he pulled a bunch of investments on Monday only to miss the 4.23% gains of the NASDAQ, 2.67% gains of the S&P 500, and 2.79% gains of the Russell 2000.
He would have lost a lot of capital and be drowning his tears in cheap tequila as I write. Sure, the markets are still down about 3% overall for the last month, but they’re still significantly up from the beginning of the year.
Story made simple: Don’t worry about the short-term!
Your blood pressure will go up, and you won’t enjoy the weekend. Watch the Champions League Semi-Finals or read a book, and let your investments ride. If the volatility of your portfolio is making you nauseous, maybe more low risk investments will help settle your stomach.
