When the stock market is in turmoil investors begin to question what is occurring. This is when they discover if they truly are long term investors. Having a strategy, a plan, and a disciplined approach is what separates success from failure.
The stock market is based on an intangible belief. The belief should be based on facts regarding each companies service or product. If one invests without the knowledge of the companies, they are gambling. That is why utilizing a professional is recommended.
It is during the down times when an investor begins to admit to themselves the truth. They are an investor willing to persevere and stay the course or they discover they are more of a trader and gambler wishing for a quick return.
A couple quotes by John D. Rockefeller may help everyone discover whether they are a true investor or a short term trader/gambler.
- “Buy when there’s blood in the streets, even if the blood is your own.”
- “I do not think that there is any other quality so essential to success of any kind as the quality of perseverance.”
His belief in his abilities, his tenacity, open mindedness, and taking advantage of opportunities is why he became one of the richest people in history.
During the past 30+ years of working with those who have made it and those intending to… it has become apparent to me that taking advantage of market volatility has benefited all those who take advantage of it.
I am not aware of anyone being a success by allowing their emotions to rule over their knowledge.
Instead of panicking become knowledgeable. If you are investing on your own now is the time to discover if you have the personality to persevere during the turbulent times. If not, then search for an advisor whom has a philosophy and personality which you are comfortable with.
For the investor using an advisor then call and ask them their thoughts of what is causing the markets fluctuations and keep asking until you are comfortable with their answer. It is imperative that you become informed and learn your emotions are not your friend when it comes to investing your money.
Let’s have a conversation
Let’s get together, face to face. I will help you experience — and understand — how your money will grow in the world of long-term investments. Let me show you how much fun it can be! Call me, Vicki L Wille, today at 702-878-9562.
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