"The biggest mistake you will ever make, and you probably are making it, or you have made it, is when, in fact, you stop investing. You sell, you get out. You let fear dictate the moves that you make."
"In the past 40 years, since they started to track the Standard and Poor's 500, in those 40 years, there were 33 up years and only seven down years, just seven."
"A ten-year delay costs about $700,000. The 33-up, 7-down statistic is the empirical reason buy-and-hold investors win against people who try to outguess drawdowns."
Suze Orman warns against panic selling during market downturns, emphasizing that fear-driven decisions can lead to significant financial losses. Historical data shows that over 40 years, the S&P 500 had 33 up years compared to only seven down years. Consumer sentiment is currently low, but cashing out investments can result in missed gains. For those with a long-term investment horizon, dollar-cost averaging proves beneficial. A delay in investing can cost substantial amounts in potential growth, highlighting the importance of remaining invested.
Read at 24/7 Wall St.
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