"If making money in the market was easy, everyone would be doing it". With continued market volatility and negative news headlines taking front and center, let's build upon the Faith we discussed in our previous post.
Being a good investor has a lot to do with the way you think and the action you take. Psychology is an important study for us as Financial Advisors. After studying investors for nearly 30 years, I have learned the biggest enemy to leading to successful returns is the investor mindset. Buying when you are supposed to buy is very difficult to do. Yet those who follow a plan, keep buying when others take the easy route (sell), and endure the trials of life and the market are the ones who enter through the narrow gate.
If this sounds strange, read this verse from Matthew Ch 7:
13 “Enter through the narrow gate. For wide is the gate and broad is the road that leads to destruction, and many enter through it. 14 But small is the gate and narrow the road that leads to life, and only a few find it.
The point here is a lesson I have learned and have tried to teach clients for years -
Don't be greedy. The return on your money means less than the return of your money.
When others are fearful (and take the easy way out), be courageous and do what is difficult.
The most difficult path to take (in life and as an investor) is not easy, but it is rewarding.
Keep buying through times like this. When you have a plan, believe in it, and have some Faith, you can reach your long term investment goals and take lessons from what also works in life as well!
Author: Steve Economopoulos
Published: 3/3/2025
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