The “secret” to financial freedom? Persist while others quit

See what it means to persist in the face of market volatility.

.

Investing can be emotional because we’re human. Our feelings can pull us in all kinds of directions in response to what the markets are doing. That’s tricky because sometimes the best thing to do may be the opposite of what our instincts are telling us.

It’s understandable that heightened share market volatility can be unsettling. Yet, making emotional investment decisions in response to day-to-day movements on markets may have negative long-term consequences.

This video plots the returns of a high growth portfolio and shows us that, particularly over the long term, persistence is the key. Stick to your plan, no matter what anyone else is doing.

 

 

Successful investing isn’t about reacting to what happens in the markets day to day. It’s about setting goals and putting a long-term plan in place that you’ll be comfortable sticking to.

A clear assessment of your goals and a long-term plan is what allows you to face market volatility with a greater peace of mind and the determination to achieve financial freedom.

 

 

By Vanguard
June 2023
vanguard.com.au

More Articles

Most Reliable Car Brands in 2026

Check out which car brands are the most likely to stay on the road and not cost you a fortune to...

Read full article

Super versus trusts: What is the best option with Div 296?

Super used to be clearly the “best” option due to low tax rates but the increasing complexity of things...

Read full article

AI use needed with proper safeguards

The SMSF Association has suggested practitioners servicing the sector must equip themselves with more than...

Read full article

Thinking of establishing an SMSF? Don’t skip reading the rules

As the establishment of new SMSFs continues to rise, the ATO is reminding potential trustees to ensure they...

Read full article

Are downsizer contributions losing steam?

Tax Office data shows fewer people used its super scheme in 2024-25 . Introduced in 2018, the home...

Read full article

Investment and economic outlook, February 2026

latest forecasts for investment returns and region-by-region economic outlook . Australia A rate...

Read full article

Coercive control in SMSF becoming a hot issue

AFCA is anticipating there will be more focus on coercive control and elder abuse going...

Read full article

What to look for when choosing a financial adviser

Here's how to find a financial adviser who can provide the right support for you . We believe...

Read full article

Heathmont Financial Services Pty Ltd (ABN 68 106 250 104) trading as Heathmont Financial Services is a Corporate Authorised Representative (No. 262098) of Knox Wealth Management Pty Ltd (ABN 74 630 256 227), Australian Financial Services Licence Number (AFSL) 513763.

Julian McGoldrick is an Authorised Representative (No. 262098) of Knox Wealth Management Pty Ltd AFSL 513763.

Financial Services Guide - Disclaimer & Privacy Policy

^