Having a long term perspective is the key

studies have shown that investors have a tendency to buy high and sell low. the average investor from 2001 to 2020 averaged only 2.9% where the S&p 500 averaged 7.5% over the same period. to overcome emotional investing use a technique called dollar cost averaging. this is an investment strategy where you systematically invest a certain amount on a weekly, monthly, or quarterly basis. this will reduce the likelihood that hot trends, unexpected market events, or bad news will drive investment decisions.