I’ve been wracking my brain all week…wanting to find just the right words for these whacky times. Then a newsletter from Ellevest—an online women-centric financial firm—showed up with the perfect message.
I could not have said it any better.
Three Things I’m Telling Myself
By Sallie Krawcheck
What we’re going through is scary. On many levels.
As an investor, it’s been stomach-lurching. And so I keep reminding myself of three things:
We’ve recovered from every recession and depression. Some have been longer; some have been shorter. But we’ve recovered from every one of them since 1854, and the economy has continued to grow.
Time has been your friend. We’ve recovered from every “bear market” in history. Some have been longer; some have been shorter. But consider this: You could have invested in the stock market on any given day since the mid-1920s, and if you had stayed invested for 15 years, your chances of a positive return historically were 99%.
Stillness is your other friend. Remember the research that women are better investors than men? That’s because women more often do what so many professionals (Ellevest included) advise: Invest according to a plan — and then leave it alone.
Do you have an investment plan in place? Leave me a comment.