Embracing patience in investing can significantly enhance your chances of long-term success.Often, the most effective approach is to resist the urge to overtrade and focus on a steady, long-term plan.Take a look at the insightful chart below. It illustrates a key insight: the more patience we show as investors, the greater our chances of profiting.and hold it for at least 10 years, we have a 95% chance of ending that period in profit.
Yet, here's the kicker: the average holding period for stocks in a portfolio is just six months. It’s easy to see why many investors end up losing money. Ptak’s study, which began in 1993 and spanned 30 years, posed a simple question: What if we held the same stocks without making quarterly changes? The results are shown in the image below.
So, instead of chasing the latest trends or jumping from one investment to another, consider embracing a longer-term strategy. After all, in the world of investing, sometimes doing less could result in achieving more.This article is written for informational purposes only. It is not intended to encourage the purchase of assets in any way, nor does it constitute a solicitation, offer, recommendation or suggestion to invest.