ChooseFI 478 | 2024 Investing Update | Brian Feroldi
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Feb 26, 2024 Topics discussed include: buy and hold strategy, macroeconomics, impact of interest rates on investing, high yield savings accounts, when to sell stocks, evolving mindset, and thinking differently about investments.
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Buy and Hold Beats Forecasts
- Market predictions are often wrong and should be taken with skepticism.
- The best approach through volatile times is to "buy and hold" investments.
Mom Asking Signals Market Top
- When people you know who are uninterested in investing ask about stocks, it's a warning signal.
- Avoid jumping into markets when casual observers suddenly show interest, as it may be a market peak.
Macro Forecasts Are Unreliable
- Macroeconomic data can be used to support any viewpoint, making forecasts unreliable.
- David Gardner's simple prediction that markets go up two-thirds of the time is as valid as complex calls.