Slow down when markets move too fast; make the profits last
ABC News
When every investment around the world seems to be jumping, it’s easy to get swept up in the excitement of making a quick buck
NEW YORK -- When every investment around the world seems to be flourishing, it’s easy to get swept up in the excitement of making a quick buck. Did you see bitcoin has roughly doubled in 2021? And GameStop is up more than 750%? Even vanilla S&P 500 index funds are coming off their best 12-month run since before World War II. Regular investors have wholeheartedly jumped in, and they’re trading furiously on apps that let them buy and sell stocks easily and for free. But it’s when everything seems stuck in fast-forward that many market watchers stress stocks are best thought of as investments to be held for a long, long time. For as boring as it sounds, holding an S&P 500 index fund for 10 years has almost always been a winner historically. Holding one for a day, meanwhile, gives nearly a coin flip’s chance at losing money, according to BofA Global Research.More Related News