"If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks."
-John Bogle
As founder and former CEO of The Vanguard Group, John Bogle advocates a common sense approach to investing. Fear is both crippling and overly contagious. For an investor, this panic inevitably leads to their wealth destruction.
As the video demonstrates, "96% of market gains occurred in 0.9% of trading days from 1963 to 2004. That's almost all of the market gains in only 135 days on the market!"
If you can't stomach what has just occurred after losing money in this market, you may not be cut out to be a serious investor. Recessions, stock market declines and yes, even pandemics, are all obstacles one must have the courage to overcome.
If this surprises you, then you’re not ready, and you won’t do well in the markets over the long-term.
We care deeply about your long-term financial wellbeing and will continue to work with you upon a rebound. Once our global situation changes, there will be time to re-evaluate and change direction, but have heart, be responsible and seek wisdom. See you on the other side.