At one point all of us decided to start investing in the market and when we did this I am sure we were all aware this was a long-term investment. But after we have watched our local investments do pretty much nothing in the last few years it starts to takes its toll on our confidence.
The feeling that our money could have been better off somewhere else kind of stings a little but this is a game that is always much easier in hindsight. I am sure many people wish they had sold their bitcoin at $19 000 or wish they had invested 100% of their money offshore in the S&P500 in the last 4 years. All of this is very easy in hindsight but does you little good in determining what to do going forward.
Markets are made out of many individual businesses and in the long-term markets go up because these businesses grow their profits and become more valuable. This means that over these last four and a half years our market has become more valuable without costing us more to buy. If we take a step back and look over the last 20 years we will see that what we are experiencing now Is just one of two difficult periods for our market (the other being 2008), and over the long-term this will just be another small blip in our investment journey.
So let’s stick to our investment strategy and use this time to buy more assets at great prices.
“Successful investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time. You can’t get a baby in one month by getting nine women pregnant.” – Warren Buffett
