Don’t Watch The Markets Too Closely

One of my favorite Warren Buffett quotes is, “Remember that the stock market is a manic depressive.”

What he’s suggesting is that stock prices can sometimes swing wildly from day to day in response to even minor news. One moment stocks can celebrate comments from a Fed official, and hours later, they can vilify the most inane data points.

Buffett concludes it’s more important to keep an eye on your future and ignore short-term market movement.

You may have also heard of Sir John Templeton, the legendary mutual fund manager who pioneered international investing. He intentionally read The Wall Street Journal a few days late to avoid emotional decision-making based on a headline.

So take a lesson from two of the best. Avoid riding Wall Street’s daily roller-coaster so we can focus on what’s ahead.

Latest Post

Related Posts

What if You Could? Grass is Greener

You may already have a strong financial foundation, but with the right strategies, you can make it potentially stronger. Through diversification, tax efficiency, and long-term

LPL – What If You Could?

You may have heard or seen commercials from LPL Financial — the broker-dealer/custodian of record that supports me and helps service your investments — featuring actor Anna