|
Stay Positive By Trying To Take The Long View of Everything
You may have bought a stock for your portfolio that lost value, instantaneously. This is more common than you think.
In fact, investment guru Peter Lynch said a buyer should be willing to lose up to 20% and more, nearly overnight, because everyone can’t buy in at the perfect moment.
Lynch’s buy-and-hold philosophy was famous, and it helped Fidelity Magellan’s fund, which he ran for many years, to soar with the eagles. What seems like an utter dog, in the short run, could be poised to take a glorious flight into the stratosphere, if we give it enough time.
I ran into Lynch in the Honolulu airport just before stocks started taking off recently, and I asked him, “Do you like equities, right now?”
He replied with a grin, “I ALWAYS like equities!”
That’s the long view, the big picture, and it has served him well.
It can serve you, too in almost any endeavor, says Dr. Gary S. Goodman, best-selling author, top speaker, and Fortune 1000 consultant.
|