With technology making it easy to check balances and stay up to date with stock prices, it can become a habit to check investment accounts regularly.
You don't need to keep looking and ruining your mental health.
Between online banking, home buying apps, and budgeting tools, having quick and easy access to your financial information is great from a monitoring standpoint. However, the reality is if you're not selling, it may not matter.
Quick thread on why TIME IN THE MARKET is better than TIMING THE MARKET?
Data from JP Morgan's Asset Management shows from January 2nd, 2001 to December 31st, 2020, for the S&P500, seven of the 10 best days occurred within two weeks of the 10 worst days.
Let me repeat that.
Seven of the 10 best days are current within two weeks of the 10 worst days.
So what do realise from this data?
Not only could you not time the market, but there's a good chance that if you try to time the market, you may miss those good days.
In times of panic or anxiety, sometimes investors may rush to sell.
ShadowInvestor™ encourages investors NOT to get out of the market, STAY INVESTED in the market.
Because if we go back to the stat & you go back to January 2nd, 2001 through year-end 2020,
Sheesh, If you’ve been an active investor in the markets over the last 6 months, you don’t need ShadowInvestor™ to tell you what a hell of a ride it’s been.
Fears of rising rates and a slowing economy has completely flipped the switch on investor sentiment.
And that’s triggered a sell-off that’s seen the average tech stock fall by 37%.
We'll focus on tech for today but markets in general are looking heartbreaking & this could apply to you.
Pandemic favourites like Zoom & Peleton are down about ~80% and Australian tech about ~90%🤯
But despite the recent declines it’s easy to forget just how long this tech bull run has been going for.
Take e.g. ARKK, The famous tech ETF from @CathieDWood is down ~50% since this time last year.
But despite this, the ETF is still up ~40% from 2yrs ago (AKA pandemic).