“Don’t touch that!”
I don’t know how many times I heard that when I was little. Guess it paid off.
My wife and I have been in the market since the early '90’s when we got a little bit smarter about money.
We put money in each month, through automatic investments, and forgot about it. Back then you couldn’t log in and check your portfolio, so it was pretty much “Out of sight, out of mind.”
It’s worked over the years.
We left it alone and kept pumping more money into the funds.
Many times it was like a hamster in a wheel, spinning, but not doing much.
Sometimes it was like when the hamster tripped up and went round and round without making any progress, many times spitting the hamster out of the wheel, onto the floor of the cage, where the poor thing shook it’s head and soothed himself.
Yeah, that’s the market.
Other times, it was like the hamster was on speed and about to burn the bearings of that wheel out.
Man, have we made money during those times.
Thing is, you gotta let it ride. Don’t touch it. Let it do it’s thing.
I had a step father who watched the market EVERY day and celebrated his gains, then gnashed his teeth at his losses. Since he was heavy into singular stockes he gnashed his teeth more times than he celebrated.
Investing that way, and checking the market often, is like scratching a sore. It’s not good, so DON’T TOUCH IT.
Let it heal, let it mend. Historically, it will get better.