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

How Our Diets have Changed.

Check out the this visualization, which tracks the evolution of dietary calorie intake from 1930 to...

Read full article

How to maximise the impact of your inheritance

Australia’s $3.5 trillion wealth transfer: how to invest an inheritance wisely   . Australia is...

Read full article

New deeming thresholds could deliver small part age pension

Two significant deeming thresholds increased on 1 July 2026, the one at which the higher deeming rate of 3.2...

Read full article

Six ways Gen X can build retirement savings

Making the most of your peak earning years . Many Gen X Australians are now in their peak earning...

Read full article

Can I still get the Age Pension if my super is healthy?

A healthy super balance doesn't always rule you out of the Age Pension . Many Australians assume...

Read full article

Contribution splitting now more valuable

The introduction of Division 296 has highlighted the value of contribution splitting and increased the...

Read full article

New to SMSFs? Start preparing for your first SAR lodgment

New SMSFs that are required to lodge a self-managed super fund annual return by 31 October should start...

Read full article

ATO’s LRBA data significantly less than industry figures

There were nearly four times as many new residential loans written using limited recourse borrowing...

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

^