The DJIA was up 545 points the day after midterms. The takeaway is that you should be comfortable with your portfolio on good days and bad.
Think about where you live for example. Your home. Do you call your real estate broker when prices drop (see Zillow) for the month? Probably not. If you do, perhaps it’s a spec investment rather than a home to raise your family in.
Consider your portfolio as you would your home or your family—it’s something you nurture and allow to grow over your lifetime. Investing takes strength and conviction as do parenting and home-ownership. They’re not for the faint of heart.
Once you understand that, you’ll be in a much better position to be a successful long-term, not midterm, investor.
E.J. Smith - Your Survival Guy
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