FYI: Invest for the long term and disregard day-to-day market movements.
That’s standard advice, and it has merit. For one thing, it frees up precious time for more pleasant pursuits. For another, it encourages the steady buy-and-hold approach that has produced good results for stock investors over the past century.
The conventional wisdom contains a couple of major pitfalls, however.
The first, and most obvious, is that short-term market movements sometimes lead to profound changes. Miss them and you will pay dearly for your inattention. Amid the Trump administration’s abrupt policy shifts — the off-again, on-again threats of new tariffs on Chinese goods that have been wrenching the markets — who can be sure that the vertiginous swings of the past week are minor events?
Regards,
Ted
https://www.nytimes.com/2019/05/09/business/10-year-stock-window.html?smid=tw-nytimesbusiness&smtyp=cur
