Salient to Investors:
Jason Zweig of The Intelligent Investor writes:
- Don’t join any panic. The market can fall by at least 50% but no one can predict when.
- Studies show that over time, performance chasing reduces returns by an average of 1.5% per annum; a big bite in a market where the long-term inflation-adjusted return of 4% per annum might be hard to realize.
Read the full article at http://blogs.wsj.com/moneybeat/2015/08/14/reassess-your-investments-before-the-next-panic/
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