What to Know About the Markets Right Now
Well, this isn’t a lot of fun, this market volatility.
It’s a bit like turbulence on a flight. Uncomfortable, but historically not dangerous to your financial health.
Ellevest may be a new company, but we (I, and Chief Investment Officer Sylvia Kwan, and our team) have decades (and decades) of experience in investing. You may have seen Sylvia’s take on market volatility last week. Here are my thoughts:
Don’t listen to the pundits on the markets.
And especially don’t listen the pundits who tell you they know what’s coming next. They don’t. The economy, the markets, interest rates, politics, exogenous events that aren’t predictable: There are simply too many factors that can make the markets move for anyone to predict its near-term twists and turns consistently. That’s why fewer than 1% of “active managers” consistently outperform the market on a five-year basis.
Don’t even listen to the most confident pundits.
There is no correlation between how confident talking heads sound and how good they are at predicting the markets. None. But as humans, we’re drawn to confidence, like moths to a flame.
Have more questions? Follow up with the expert herself.
Sallie Krawcheck’s professional mission is to help women reach their financial and professional goals (or, put more bluntly, to get more money into the hands of women), thus enabling them to live better lives and unleashing a positive ripple effect for our families, our communities and our economy. To that end, Krawcheck is the Chair of the Ellevate Network, a 135K-strong global professional women’s network; she is also the CEO and co-founder of Ellevest, a... Continue Reading
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