As author Morgan Housel says, “The most important investing question is not, ‘What are the highest returns I can earn?’” Instead, “It’s, ‘What are the best returns I can sustain for the longest period of time?’”
The words “Uncertainty” and “Unprecedented” have circulated news outlets more times throughout the past two years than possibly ever before. However, it’s important to note that the uncertainty we’re experiencing as a country today isn’t in theory higher than it was five or more years ago.
What constitutes the “good life” for you: Being rich, or being wealthy? While they might sound one and the same, the mindset behind each brings about vastly different money mannerisms.
Having the ability to accept repetitive loss increases your odds of hanging on long enough to eventually see a return, and hopefully, more than make up for the risk.