DWM Blog Act, don't react v.2.0

These events underscore our conviction that the essential challenge to long-term successful equity investing is neither intellectual nor financial, but behavioral; it is how one reacts, or chooses not to react, to market declines that will determine long-term financial success. Less than 60 days ago, we delivered our end of the year newsletter to our clients and friends. The theme of the message was "Act, don't react." I invite you to read it by clicking here. In that communication, we identified ourselves as goal-focused, planning-driven equity investors. We stated our belief that the key to lifetime success in equity investing is to act continuously on a specific, written plan. Conversely, we stated that we believe substandard returns and even investment failure are a result of reacting to (let alone trying to anticipate) current economic/market events. We are now facing one (or more) of those economic/market events: The situation in the Ukraine, rising interest rates, inflation, energy prices. These all represent the variable du jour. They cannot be timed or forecasted - nor should timing be attempted. The investment policy of a goal-focused, planning-driven, long-term equity investor should be unaffected by it. At around 4,300, the S&P 500 has experienced a drawdown [...]The post Act, don't react v.2.0 appeared first on Doyle Wealth Management.