FYI: The last three months of 2018 was the worst quarter for stocks in seven years. The first three months of 2019 was the best quarter for stocks in 10 years.
Question: Is that volatility a fee or a fine?
Fees are something you pay for admission to get something worthwhile in return.
Fines are punishment for doing something wrong.
It sounds trivial, but thinking of volatility/drawdowns/uncertainty/pain/terror/ulcers as fees instead of fines is an important part of developing the kind of mindset that lets you stick around long enough for compounding to work.
Regards,
Ted
https://www.collaborativefund.com/blog/fees-vs-fines/
