Driving Through The Smoke: Participation vs. Perfection
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In this episode of Retire Sooner, Wes conveys his dismay at the abundance of scary headlines bombarding Americans these days. With unsettling bylines flooding our news feeds, he says it’s understandable for people to consider pulling money out of the market. But is that productive? Using a lesson he learned from Tom Cruise’s 1990 racing film Days of Thunder, Wes points to the statistical advantage of staying the course even when your survival instincts tell you otherwise. Pointing to specific examples from market history, Wes demonstrates how time in the market often beats any attempt to time the market.
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Driving Through The Smoke: Participation vs. Perfection