How to Think and Act For the Long-Term

Last week the S&P 500 closed at 4131. On Friday it finished at 4123, down 0.2%. For most people, not those reading this post, it was as if nothing happened this week in the market. For people who were glued to the television and checking their accounts, it was an emotional roller coaster.
The last five days gave us a teachable moment about long-term investing. I know five days is nothing, but one of the core tenets of…

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