Investing isn’t just peaches and cream
The beauty of human beings is that we have, as a species, short memories. We also forget that experiences that are “old hat” to us, aren’t for a generation just a few short years behind us.
Here’s a truth that can’t be said enough:
If you can’t sleep at night wondering how much more stocks will fall, then the stock market was never right for you in the first place.
Source: Money Magazine: Ask a Mole
My net worth has fallen, thanks to the stock market, over 6% since the beginning of the year. Should I panic? Absolutely not - I’m still better off than where I was January 2007. I’m considerably better off than a few short years ago, and I’m ridiculously better off than I was before the latest bull market run-up in stocks. I have the risk tolerance for the bad times, so I can make more in the long-run.
