Missing out on the best days in the market

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[ADVISOR VIEW] Missing out on a few days of market performance can be the difference between being able to retire, or not: brink_elke - PSGWealth. Investments RetirementPlanning

We have experienced quite a fascinating year in the markets. We saw a market crash at the start of the pandemic, a full recovery, and currently, markets are at an all-time high, both locally and globally. This would of course lead to an emotional roller-coaster ride as well. Nobody wants to lose money, which you worked hard for, and even less so when you are approaching retirement.

With most things in life, the sure way to success is taking action. If you want to lose weight – start eating healthier and start getting active! If you want to run a marathon – start with a running program. Learning a new language – enrol for a course or find a tutor. When it comes to managing your investment portfolio, however, in many cases the opposite is true.

The reality is that the market will always move in cycles. Some cycles are more volatile than others, but making emotional decisions at the wrong time, or trying to time the market, can have a detrimental effect on your investment portfolio.

 

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