The Elements of Investing by Charles D. Ellis

Author:Charles D. Ellis [Ellis, Charles D.]
Language: eng
Format: epub
ISBN: 9781119773788
Publisher: Wiley
Published: 2020-09-29T00:00:00+00:00

Cash Flow to Equity Funds Follows the Stock Market

Source: The Vanguard Group.

Investing is like raising teenagers—“interesting” along the way as they grow into fine adults. Experienced parents know to focus on the long term, not the dramatic daily dust‐ups. The same applies to investing. Don't let Mr. Market trick you into either exuberance or distress. Just as you do when the weather is really extreme, remember the ancient counsel, “This too shall pass.”

You don't care if it's cold and raining or warm and sunny 10,000 miles away because it's not your weather. The same detachment should apply to your 401(k) investments until you approach retirement. Even at age 60, chances are you will live another 25 years and your spouse may live several years more.

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