Does investing seem like a roller-coaster ride and the recent banking system troubles make you want to hit the panic button?
Hold on to your seats, because in both a roller-coaster ride and investing, those who jump out of their seats get hurt.
When it comes to investing, uncertainty is the name of the game.
In fact, let’s take a moment to look back at the past three years, which have seen a global pandemic, a Russian invasion of Ukraine, spiking inflation, and ongoing recession fears.
Despite all these concerns, the US stock market (measured by Russell 3000 Index) has returned an annualized 11.79%, outpacing its average annualized returns since 1979.
So, what’s the takeaway?
Uncertainty is nothing new. The past three years make a strong case for staying the course and sticking with your plan. Don’t let uncertainty shake your confidence and stop you from achieving your long-term goals.
As always, feel free to call or email me if you want to discuss anything.