Think Long-Term: Successful Investing is All About Time, Not Timing
When it comes to investing, women are more patient and conservative, and think long-term. The old stock exchange wisdom is true: “Back and forth makes empty pockets”. Every purchase and sale incurs transaction costs. That’s why you should take your time and invest long-term.
The Deutsche Aktieninstitut has determined that on average, the Dax has generated an annual return of 7.7 percent over the past 50 years.
Don’t let the media drive you crazy, don’t be volatile and sell too quickly, and above all – don’t let yourself be tempted into emotional investment strategies.
It is completely normal and healthy (!) that the financial market fluctuates strongly from time to time. However, staying power pays off in the form of higher returns.
The opinions expressed in this article are for general informational purposes only and are not intended to provide specific advice about or recommendations for any financial or investment product.