Markets are unpredictable and investment fads come and go. Already in 2021, we’ve seen speculative behavior around AMC and Gamestop and overheated trading based on emotions rather than fundamentals. At Vanguard, we believe you can stay on the path to long-term financial success by avoiding trends and focusing on balance, discipline, and diversification.
In his new book, More Straight Talk on Investing: Lessons for a Lifetime, former Vanguard CEO Jack Brennan provides a timely antidote to today’s headlines. He shows—in a simple, straightforward manner—how to develop a sound investment program for the long term, evaluate funds and ETFs (exchange-traded funds), and manage risks and taxes.
He also outlines 12 timeless principles that have helped countless investors like you navigate the financial markets. Below are 5 of those enduring lessons learned through interactions with Vanguard crew and partnerships with clients around the world.
You can’t control the markets, the economy, or the performance of an individual security. You can, however, give yourself the best chance for investment success by taking ownership of your finances in a sensible way.