Part 4/7:
Amidst widespread optimism about future market trends, it's essential to appreciate the investing mentality. Typically, many investors hesitate to enter the market during lows, like in October 2022. This hesitation often leaves them on the sidelines, only to wish they had invested at the right time once the markets have recovered. The gold standard here remains consistency and discerning timing, as attempting to time the market can be a fool's errand.
Investors often feel enticed to invest when markets are peaking, but this can lead to regret if subsequent downturns occur. The critical takeaway is that longer-term investing is about consistency. Those who consistently invest over decades have a better chance of capitalizing on compound interest.