The Fenimore Focus: Investment Tip #2

Think Long Term:

There is an overwhelming amount of research that shows that long-term investing — even through a stock market downturn — yields better results over the years than trying to time a decline, remove capital, and return when “things are better.” If you are not focused on at least five years, you should probably not invest in stocks.

“As advisors know all too well, having a comprehensive, understandable investment plan is foundational; it is hard to stay the course if you don’t know the course. Of equal importance is to be patient and ignore what others are doing. Ultimately, long-term wealth building requires discipline and an ability to remain steadfast so that self-defeating behaviors are avoided.”

—White Paper the Value of Patience

patience

White Paper: The Value of Patience

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