Chasing performance can be like running in reverse
It’s not a race, it’s a marathon
In a volatile market, investors can exhaust themselves chasing after the “latest and greatest” investment tip, or selling their current holdings to try and outperform their peers.
But trying to take advantage of a short-term trend to support a long-term strategy is like starting a marathon as if it were a sprint. If you take that approach, you’ll use up all your energy in the first mile and by the time you reach the five-mile mark, chances are you’ll have fallen behind.
Instead, consider these actions to keep your portfolio in good financial health:
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