11: Why You Shouldn't Aim for Perfection in Investing

<p>In this episode we speak of the issues and fears people, especially women, tend to have around investing and how often times that fear or uncertainty leads to a late or complete lack of action taken in investing. We believe that there’s no “perfect” time to enter the market and that “time <strong>in</strong> the market is more important than <strong>timing</strong> the market.”</p> <p>It’s important to look at investing as a long-game and know that even substantial dips in the market recover and yield overall great gains in the long run. This is apparent when looking back at the previous 20+ years of the S&P 500 and noting the early-2000s Dotcom crash followed by an even bigger stock market crash 7-8 years later, followed by COVID years later. In spite of these crashes and dips in the stock market, the overall trend is growth over time.</p> <p>Despite the natural human tendency to avoid uncertainty and risk, the best time to enter the stock market is usually now.</p> <p>Tune in for all the nitty gritty details.</p> <p><strong>Key Topics:</strong></p> <p>“Joe from Jersey” was hesitant to invest because he was always waiting for that “perfect moment” that may have never came. (4:14)</p> <p>The professional investors know that nobody will get every call right in this “game of numbers.” (5:42)</p> <p>“Time in the market is better than timing the market.” Money invested should be long term money. (7:15)</p> <p>Jeff Gundlach considers 70% a high success rate, even with an entire staff of researchers. (10:43)</p> <p>Even professionals know that it is impossible to call investments correct all the time. (13:00)</p> <p>The biggest barrier to being a good investor are the thoughts in our heads. (13:55)</p> <p>“Being right early, feels an awful lot like being wrong.” Leaving the stock market. (16:10)</p> <p>It is really almost impossible to time when to get out of the stock market. (17:10)</p> <p>Explaining the charts of the past years of the S&P 500. (18:39)</p> <p><a href= "https://www.youtube.com/watch?v=eI56FQF7k8A&f