When it comes to investing, 'we're our own worst enemy,' says ricedelman, explaining the tricks our minds play on us. investinyou (In partnership with acorns.)
But do you hold your investments for just 30 days? Unlikely. If you're investing to achieve long-term goals, such as paying for college or saving for retirement, monthly returns don't matter. The below chart, showing the market's returns over 20-year intervals since 1926, reveals that the stock market's returns are remarkably consistent over long periods.Ignore the daily movements of the market, and stay focused on your long-term goals.
Whether or not you are a soccer fan, you should know this applies to investing, as well: The less often you change your investments, the better off you'll be. So, when tempted to do something, don't. Instead, just stand there.Lightning. But you're forgiven if you thought sharks, because the media cover shark attacks more than lightning strikes.
The availability of information causes us to act on it. Don't be so sure that the facts you're hearing about are the only facts that matter. Sources: International Shark Attack File, Flordia Museum of Natural Hostory, Univeristy of Florida, NOAA. National Weather Service, Google news sources, 2001-2012Disclosure: NBCUniversal and Comcast Ventures are investors in
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