On March 17th, 2020, Bank of America Vice Chairman Keith Banks wisely said on CNBC’s Squawk Box, “The reality is, it's time in the market, not timing the market.” Warren Buffet, one of the greatest investors of all time, is quoted as saying, “Someone’s sitting in the shade today because someone planted a tree a long time ago.” This quote reflects the foundational basis of his investment philosophy. And finally, our favorite Warren Buffet quote references the psyche of investing, as he stated, “The most important quality for an investor is temperament, not intellect.”
When your psyche is challenged by the volatility in the markets, keeping it all in perspective can be tough at times. But this is one of the many reasons you are not going it alone. When times seem turbulent, it’s good to have someone to reach out to who can help you keep that big picture in mind. Here are six charts from LPL Research to help put the latest bout of volatility in perspective and remind us of the benefits of long-term investing.
Should you still feel uneasy, please feel welcome to give us a call.
Monthly Points of Interest
MAY 2022 Newsletter
May 17, 2022