Part 4/13:
Checking investment accounts multiple times a day can lead to emotional volatility. Limiting account checks to once a week helps investors stay rational and focused on long-term strategies rather than being swayed by short-term movements.
The Importance of the Index
Integrating index funds, or ETFs, into an investment portfolio is highly advised. These funds serve as a “cheat code” for successful investing, providing a stable foundation while allowing for the inclusion of individual stock picks.
Volatility is an Opportunity
Contrary to common beliefs, volatility in the market is not detrimental; it’s an opportunity. Market dips present chances to acquire assets at lower prices, thereby increasing long-term profitability.