Are the ups and downs of the stock market leaving you unsettled? Feeling hopeful when the market rises and uneasy when it dips is natural. However, these emotions can sometimes lead to hasty buying or selling, and attempting to outsmart the market often means missing key days of strong performance. That's why focusing on your long-term strategy is crucial, considering your risk tolerance and financial goals. For a hypothetical example, let's examine the period from January 1, 1988, to December 31, 2023. A $10,000 investment at the start of 1988 could have grown to over $417,995 if left untouched. But stepping out of the market for just 10 top-performing days could have reduced that amount to less than $200,000. Missing 30 such days could leave you with just $71,035. Selling in a panic often means missing these pivotal days.1
That's why sticking to your financial plan is crucial, especially when the market feels uncertain. We're here to help you stay on track no matter what challenges arise. Have any questions or concerns? Feel free to call or email us, and we'll schedule a chat. Fidelity.com, August 5, 2024