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That's why you missed a 15% return in April and two of the best weeks the Dow Jones has had since the Great Depression.
All those times, when clients whined about not getting in when the Dow was below 20,000 back in 2016. Then it happens and they don't go in because it could go lower?
If you have a plan, stick to the plan. Remove the emotion. If that had been your favorite car dropping from $29,000 to $20,000 would you have bought it or waited for it to go back up to $25,000 to make sure the dealer wasn't unloading a lemon?
Emotional investing is what keeps folks from realizing their goals. Between 1977-1990, Peter Lynch managed Fidelity Magellan to a record average return of 29.2%. Unfortunately, not one account holder ever averaged over 8% during that time - because they never stayed in the fund the entire time. They panicked when the fund would lose money in '83 or '87 or Oct. '89.