FYI: Thinking and behaving for the long term is one of the most difficult challenges an investor is faced with. Although simply buying and holding has produced fabulous returns, this type of investing requires you to commit to several sizable drawdowns, likely to be over fifty percent in some cases, over the course of your investing career. For many, this is too steep a price to pay.
Regards,
Ted
http://theirrelevantinvestor.com/2016/03/11/surviving-the-short-term/
