Now is the time to stick to your plan and remember your goals

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Now is the time to stick to your plan and remember your goals

After the 2008 market crash, Fidelity studied 1.5 million investors to see how their actions during one of the most terrifying economic downturns in modern history affected them long term. In the 10 years that followed, investors who stuck to their plan and stayed invested in the market saw their portfolio grow 147% . Investors who sold in 4Q 2008 or 1Q 2009 got a 74% return – half of what they would have seen had they stayed invested.

What's worse, a full quarter of people who sold early after the crash never got back into the market and missed out on all of those gains. Of course crypto is a different market, but if you're here you know that volatility is something we live with. This market is capable of turning around at any moment and you don't want to be one of those people who regrets abandoning their plan because they saw some losses. Think about your goals 10 years from now and remember why you made a plan in the first place. You did it to get you through tough times like this, but the rewards will be there!

Edit: Source

submitted by /u/H_Finn27
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