Sensible investing is a long game. Especially in the equity market. Which is why wise heads recommend locking away share certificates in a bottom drawer – the perfect way to resist trading yourself into the poorhouse.
Following such sage advice is tougher than ever in a world where, for one thing, dematerialisation means there are no longer physical share certificates that can actually be hidden away. Worse, updates to one’s portfolio are available at the touch of a smartphone’s addictive buttons.
Despite repeated reminders that the BizNews Shyft portfolio is a five-year project, I’ve no doubt some who replicated it have gone from celebration to despair in the past few weeks. Such is the risk of paying too much attention to Mr Market.
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Don’t let him recruit you. His mood can swing from ecstatic to depressed in a moment. Remind yourself of this, and that over time, no other investment comes close to matching returns from being a co-owner of a good quality company. And sleep easy.
More for you to read today:
- The Hottest ETF Sectors for Investors to Bet On in 2022. Leading analysts and market strategists identified four sectors. No. 1 on their list: movies and entertainment.
- The ‘January Effect’ Doesn’t Hold Up With Stocks. But Bonds Are a Different Story. January has lost its crown as the perennial best month for stocks, our research shows. The new king: bonds.
- Novak Djokovic Released From Detention in Australia After Legal Victory. Decision potentially clears the way for the No. 1 men’s tennis player to compete in Australian Open (click above to watch video)
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